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lenfisher
Jan 2, 2020 10:37 PM UTC
Solved

Is there any way I can add a monthly debt (Intuit fee) so that it automatically adds that debt without having to remember to do it manually at end of each month

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christine_w
christine_wAnswer
Jan 3, 2020 12:27 AM UTC

Hi lenfisher-

 

If you're on the Essentials or Plus plan, you could utilize recurring transactions in order to record this debt. Depending on your needs, I'd recommend referring to our article on how to set this up. Create templates for recurring transactions

 

Take a look and let us know if that would work for you; and if you're not on Essentials or Plus, also reply here so that we might find an alternative solution.

 

-Christine 

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5 replies

christine_w
christine_wAnswer
Jan 3, 2020 12:27 AM UTC

Hi lenfisher-

 

If you're on the Essentials or Plus plan, you could utilize recurring transactions in order to record this debt. Depending on your needs, I'd recommend referring to our article on how to set this up. Create templates for recurring transactions

 

Take a look and let us know if that would work for you; and if you're not on Essentials or Plus, also reply here so that we might find an alternative solution.

 

-Christine 

lenfisherAuthor
Jan 3, 2020 12:41 AM UTC

Thanks for your quick response.

I am only on basic as my turnover is about $11K p.a. so not economical to upgrade as after costs, is only really a hobby business in retirement. I will just enter at end of each month as I do now. I was confused last year as I thought I had 2 payments removed in each month but that was not the case (2 Intuit entries on debt but 1 was a notice and 1 was EOM payment debt)

Thanks for your help anyway.

Regards

Len Fisher

Len Fisher Handyman Services.

christine_w
christine_w
Jan 3, 2020 1:39 AM UTC

Hi lenfisher-

 

I see, unfortunately recurring transactions are only available on Essentials and Plus.

 

How are you recording the debts? If they are all "payments" coming in from the bank feed (spent funds on the bank feed), you could always use banking rules to recognize the payment and add to your books. However, if this is not the case, adding the expense for the debt manually would be your best option here. 

 

Reply here with any other questions. 

 

-Christine

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