Recurring Transactions

Price: $34 This add-on is included in the Premium Bundleopen in new window.

Description

The Recurring Transactions add-on allows you to set up recurring transactions that are executed automatically at specified intervals.

Installation

After you have received the archive with the add-on, make sure that the Money Manageropen in new window plugin is installed and activated.

After that, follow the instructionsopen in new window to install and activate the add-on.

Usage

After installing the add-on, a new item Recurring transactions will appear in the left menu under the All transactions item. Click on it to go to a page that will display all of your active recurring transactions.

Creating new recurring transaction

To add a new recurring transaction, click on the Add… button to open the form.

The form has 2 sets of fields: transaction recurrence and transaction details.

First you need to set up a recurrence pattern. To do this, provide the Next due date, i.e. the date when the transaction should be automatically created for the first time. And the Repeat type, according to which the transaction will be created (or executed) afterwards.

The following repeat types are currently available:

• Daily - The transaction will repeat every day.

• Weekly - The transaction will repeat every 7 days.

• Monthly - The transaction will repeat every month on the same day of the month.
  So a payment made on August 1st, 2023 will repeat on September 1st, October 1st, and so on.

  • If your recurring transaction falls on the 31st, then on months without a 31st day Money Manager will make the payment on the 30th of the month, and then revert to the 31st on the following month. So a payment made on March 31st will be repeated on April 30, and then the following month on May 31st.

• Yearly - The transaction will repeat every year on the same day of the year.
  So a payment made on August 1st, 2023 will repeat on August 1st, 2024, and so on.

Next, fill in all the necessary details of future transactions in the same way as you do for regular transactions.

When you're done, click the Add recurring transaction button to save the data.

Executing recurring transactions

• Automatically - When the next due date of a recurring transaction comes, the transaction will be automatically created and added to the list of transactions. The Next due date will be updated according to the recurrence pattern.
• Manually - You can always execute a recurring transaction manually by selecting it in the list and clicking the Execute… button. In this case, all transactions from Next due date to the current day will be created, if next due date is in the past. And if the next due date is in the future, then one transaction will be created in the future.

Change log

1.0.0 | April 20, 2023

• Initial release