11 Ways To Use A Memorized Transaction In QuickBooks

21 Apr 11 Ways To Use A Memorized Transaction In QuickBooks

Using memorized transactions in QuickBooks can save time & prevent omission.  Here are some examples of circumstances where memorized transactions can utilized:

1. When a customer must be invoiced for the same thing month after month.
2. When you have something auto debited from your accounts monthly.
3. To draw down a prepaid asset monthly.
4. To record a recurring bill or loan payment.
5. To save the format of a complicated journal entry so you may only need to change the numbers. (Like Payroll for example.)
6. To save the format of a commonly used estimate.
7. To save the format of a commonly used sales receipt for the purpose of recording a daily sales summary from a POS system.
8. To record annual expenditures such as annual filing fees (to remind you to file as well as to record the transaction)
9. Create grouped memorized transactions to bill numerous customers with one click.
10. To record payments to magazine subscriptions so you know when they really need to renew.
11. To save a report with specifications that you need to review from time to time.