Recurring items can be set up in the system to cover a wide range of uses. To start the process, navigate to Bank > Recurring Items and choose one of the following from the list:

• Payments from customer;
• Capital introduced;
• Drawings / dividends;
• Payments to supplier;
• Transfers between bank accounts;
• Employee payments;
• Casual wage payments;
• Payroll deduction payments.

After selecting the relevant type of Recurring Item, the system will ask for further details:

• Name of the Recurring Item;
• Reference;
• From Account;
• To Account;
• Value i.e. the amount;
• Start date;
• Frequency i.e. weekly, monthly, quarterly;
• Number of terms to repeat i.e. number of weeks, months, quarters;
• Whether the recurring item is ongoing i.e. perpetual.

After clicking “Create” the system will save the Recurring Item and the system will ensure the items are added according to the conditions set up. The Summary Screen will also notify users that there are new Recurring Items at the beginning of each new period.