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Recurring payments and receipts

Created on  | Last modified on 

Summary

How to use recurring payments or receipts in Sage Accounting.

Description

Use recurring entries for transactions such as direct debits and payments for subscriptions.

Enter these as Other Payments or Other Receipts.

Resolution

What you need to know

  • You need to enter the payment or receipt you want to make recurring and save
  • Once set up we automatically create the new payment or receipt on the repeat date
  • To find the recurring transactions, check the bank activity. The most recent recurring transaction has a recurring symbol
  • If you enter a recurring entry with a date in the past, we'll create all the transactions up to today's date. Refresh the page in your browser if the list is not up to date

Create a recurring payment

  1. From Banking, open the bank account used for the original payment.
  2. From the Activity tab, open the original payment. The type shows as Other Payment.
  3. Select Make Recurring, then complete the following information:
    • Repeats every - Choose how often you want the transaction to repeat. Then choose whether to repeat in days, weeks or months. For example, to repeat a payment every ten days, in the first box enter 10, then from the second box choose Days
    • Repeat Until - If required, enter the date of the final payment. If you leave this blank, the payment will recur until you choose to stop it

Create a recurring receipt

  1. From Banking, open the bank account used for the original payment.
  2. From the Activity tab, open the original payment. The type shows as Other Receipt.
  3. Select Make Recurring, then complete the following information:
    • Repeats every - Choose how often you want the transaction to repeat. Then choose whether to repeat in days, weeks or months. For example, to repeat a payment every ten days, in the first box enter 10, then from the second box choose Days
    • Repeat Until - If required, enter the date of the final payment. If you leave this blank, the payment will recur until you choose to stop it

Change a recurring transaction

Edit the most recent transactions. Identify this by the recurring symbol .

  1. From Banking, open the bank account used for the original payment.
  2. From the Activity tab, select the most recent transaction.
  3. Select Edit Recurring.
  4. Make the required changes and Save.

Stop a recurring transaction

When you want the transaction to stop recurring, edit the most recent one. Identify this by the recurring symbol .

  1. From Banking, open the bank account used for the original payment.
  2. From the Activity tab, select the most recent transaction.
  3. Select Stop Recurring.
  4. Make the required changes and Save.

 NOTE: If you don't think the transaction is recurring, check the recurring transaction to see if there's an expiry date set. Then amend if necessary. 




Related Solutions

Other payments and expenses

Record money paid into your account (Other receipt)