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Recurring expenses

Lisa
Lisa
  • Updated

This user guide provides an insight as to when recurring expenses will appear on ledgers. 

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Expense recurs options include:

  • Weekly
  • Fortnightly
  • Every Four Weeks
  • Every Six Weeks
  • Monthly
  • Every Two Months
  • Every Three Months
  • Every Four Months
  • Every Six Months
  • Every Nine Months
  • Yearly

When you add a recurring expense, it will show at the bottom of the ledger with an option to Click to view the next scheduled expense.

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When adding a recurring expense, the Date Due is important.

The initial expense will appear on the ledger on the date it's first entered. The recurring expense will then appear on the ledger on the Date Due. 

For example: The below expense is due on the 1st of every month

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The expense was added on 14/07/2020, so the initial entry appears on the ledger on 14/07/2020. The next entry will appear on the ledger on 01/08/2020.

If the initial expense you add is due to start in the future, i.e. 01/08/2020, it will still appear on the ledger on 14/07/2020, however the next recurring expense will not be charged until 01/09/2020.

 Note

Recurring expenses cannot be edited if the amount or date changes. They'll need to be deleted and a new one added

 Warning

Recurring expenses don't automatically generate whilst Opening Balances are switched on

Related articles: 

Adding a landlord expense

Adding a tenant expense

Adding a property expense