Manage suppliers and expenses

You can use templates to set up a recurring bill. Here's how to set up a recurring bill: Create a new bill or open an existing one. Fill in the data that you want to include on a recurring basis such as supplier, account or item details, description, amount, etc. At the bottom of the bill, select Make recurring. QuickBooks Online creates a copy of the bill and adds a "Recurring Bill" section so you can set the recurring bill's preferences. Enter a template name. From the Type drop-down, select one of the following: Scheduled: creates the bill automatically according to the schedule you specify. If you want to schedule the transaction... then... Every other week Select Weekly, then every 2 weeks. Twice a month Create two scheduled monthly transaction: one for the first transaction per month and one for the second transaction. Quarterly Select Monthly, then ever

There is no pop up explanation on the field and the words "Statement Text" as a shortcut for an idea are fairly meaningless.The field appears on the edit vendor details under the Bank Account Name once the "I create batch payments to pay this supplier" tickbox is ticked.