My company uses franking machine. Direct debit payment is set up to top up postage credit. I'd like to set these payments as recurring transaction to avoid inputting it manually every time the payment is made. However can't figure out how to do it with payments dates and amounts vary every month. Sometimes when credit runs low there could be few payments taken per month and different amounts. Any help appreciated. Thank you
I'm confused at how you could possibly hope to make a transaction recurring when it's not a recurring transaction. OK, you buy from the same people and pay the same way, but on different days at different amounts. How would the system know when to put it in and for what amount.
It's like setting a recurring transaction for BP because you always buy your fuel there and pay by the same card.
As Kris says the whole point of set up a recurring entry is that the entry needs to be the same amount and date every month.
For instance you may use your company credit card to pay expenses and have it set up so the balance is cleared by D/D each month. You couldnt set this up as a recurring entry as the payment is based on what is spend on the card in the previous month.
In the same way if you have a franking machine then you couldnt set it up as a recurring entry as the amount will vary each month depending on how much you spend in the month.
Well actually you can set a DD with different amounts as recurring transaction on Sage. The amount is inputted as a "0". When next posting is due the amount is edited. That saves lots of time on typing details manually. Thanks for your help anyway!
Thank you all. We are implementing Sage 50 and I need to input all the transactions that happened from 1 May 2012 up to date. Hence my eagerness to speed up a rather tedious process. As we are on a topic. With recurring transactions when a date falls on a weekend the actual date when the b/a was debited differs from one set on sage. Does it matter at all?
Thank you all. We are implementing Sage 50 and I need to input all the transactions that happened from 1 May 2012 up to date. Hence my eagerness to speed up a rather tedious process. As we are on a topic. With recurring transactions when a date falls on a weekend the actual date when the b/a was debited differs from one set on sage. Does it matter at all?
Well actually you can set a DD with different amounts as recurring transaction on Sage. The amount is inputted as a "0". When next posting is due the amount is edited. That saves lots of time on typing details manually. Thanks for your help anyway!
Not saying you cant set up recurring entries for different amounts and dates but kind of defeats the purpose of the facility i think?
