Create Recurring Expense to Record Regular Expenses

Use Recurring Expense to automatically record your regular business costs without having to create new entries every period. This feature helps you manage monthly expenses such as rent, internet, or software subscriptions more efficiently. By automating recurring transactions, you can ensure your financial records stay accurate and consistent. It also saves time and reduces manual errors in your bookkeeping process.

Step 1. Go to Reccuring Expenses, click Add button

Step 2. Fill the Recurring Expense Form

Here is an example of how to fill in the Recurring Expense Form. In this sample, we are recording a monthly WiFi Office expense.

Notes: You can leave the “To” date blank if the recurring expense does not have an expiry date.

Then click Submit.

Step 3. Recurring Expenses has been Recorded

At this point, the expense is not generated automatically yet. You need to post the recurring expense first.

Step 4. Post Recurring Expense

To generate the journal entry, a recurring expense must be posted. Otherwise, the journal won’t be created. Go to the Post Recurring Expense menu, select the recurring expense you created earlier, tick the checkbox, and click Submit.

Step 5. Check Journal Records

The recurring expense has been posted.

DealPOS is an online point-of-sale (POS) application specifically designed for retail businesses in categories like Fashion, Minimarkets, Electronics, Fresh Food, and Building Material Stores.

With DealPOS, you can manage both online and offline store inventory in real-time on a single platform. You can also sell through omnichannel (offline and online) as DealPOS integrates with marketplaces (Shopee, Tokopedia, TikTok Shop, Lazada) and instant web stores (Shopify and WooCommerce).