Summary
How to set up recurring transactions in Sage 50 Accounting.
Resolution
- Open the task window:
- Select Tasks and then Purchases/Receive Inventory to recur bills/purchase invoices
- Select Tasks and then Payments to recur payments
- Select Tasks and then Sales/Invoicing to recur sales invoices
- Select Tasks and then General Journal Entry to recur journal entries
- Create the transaction normally:
- Purchase and sales invoices must be assigned a starting invoice number
- The recurrences will be numbered sequentially from this starting number
- For example, if the first invoice is numbered 4501, the next invoice will be numbered 4502, and so on
- Open the recur options screen:
- For payments, select Recur
- For invoices and general journal entries, click the drop-down arrow next to Copy, and then select Create Recurring
- Select the desired recurrence frequency from the How often do you want to recur this transaction? drop-down list.
- Set the First transaction date. This can be any date in your open fiscal years.
- Select the desired recurrence end point:
- For a specific date, select End on and set the desired date
- For a set number of occurrences, select End after and enter the desired number of occurrences
- To have the transaction recur indefinitely, select No end date
Note: This option will create the set number of transactions through the end of the currently open fiscal years; when the next fiscal year is opened, it will then create the set number of transactions through the end of that year.
- Select OK.
Note: At this time, Sage 50 does not allow a recurring transaction to automatically change the item description each month.