PocketMoney® Help

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Repeating Transactions
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Repeating Transactions

Repeating transactions can be used to drastically reduce the need for redundant data entry.

You can use them to track your monthly phone bill or car payment. You can use them to easily keep track of your monthly transfers to savings or bi-yearly tax payments. You can even specify a weekly deposit that spans only a few weeks. Whatever type of financial planning you have, repeating transactions can help to simplify the maintanence of these records.

How they work

Repeating Transactions are filled out in a separate register and unique to each account. To view any given account's current Repeating Transactions list, open the account register and select:

View > Repeating Transactions...

A new dialog will appear listing any repeating transactions already added the current account. If you wish to Add a new one, tap New. If you wish to edit, view or delete an existing one, Tap and Hold on it.

When you are done entering your repeating elements for the current account, close the dialog to return the current accounr register. At that time, any repeating transactions found for the current account are compared to the current date and time to see if any transactions should be posted. If any do, you will see them appear.

Unlike a regular account register, each item is displayed in an unmodifiable # of lines to give you the most for your view. Depending on the criteria you specify, you may see alot of information per item or very little. This is normal.

Filling out a repeating transaction is very much like entering a regular transaction except for the following characteristics:

• A repeating tab is added to specify frequency information. You can choose from None, Day, Week, Month or Year level of granularity. Each has a different set up of frequency criteria and status window just below will outline your choices in a more logical manner.

  NOTE    Choosing None will cause the repeating transaction to not be savable.

• Zero balances are allowed. This is so you can specify say a phone bill where all the bill information stays the same and only the monthly amount changes.

• If you do specify a balance, it will not affect the current account register's balance until an actual transaction is posted.

• The transaction date specifies the start of the repeating series (found on the Transaction tab) and the End On date specifies when the series will end. This gives you the ultimate control on how long the series will last for.

• Every aspect of the repeating transaction, including a transfer counterpart or set of splits, will be replicated each time the current date meets the frequency requirements.

• Back filling is allowed. This means you can specify a monthly repeating transaction that started a year ago from today, and when you view the current account register again, all the past twelve months will be automatically posted.

If you wish to change the series, follow the steps above to return to the current account register's list of repeating transactions and make the appropriate changes. Upon saving the changes, you will be asked to update the existing series or stop the current one leaving any posted transactions untouched and no longer bound to any repeating series.

If you choose to update the series, be VERY CAREFUL! All changes made to transactions posted based on the old repeating series will be lost!