CenterPoint Accounting - Use a Recurring Transaction

Recurring transactions are assigned to a name in transaction entry by clicking the Recurring Transaction icon to the right of the vendor/customer. The Recurring button will display with a yellow background if a name has an applicable recurring transaction. The button also allows you to determine the action that will be taken when this name is used on any one of the four main transaction entry screens; Payments, Receipts, Customer Invoices(A/R), and Vendor Invoices(A/P). Multiple recurring transactions can be stored. One can be set as default. Assigned recurring transactions for this name for this transaction entry type will display. To display all recurring transactions for this transaction entry type, click More. Unassigned recurring transactions can be assigned to this name by selecting the Assigned check box. The Default column allows one recurring transaction to be marked as the default.

The recurring transaction options for a name are:

Leave Transaction Empty - does not autofill during data entry.
Recall the Last Transaction for This Name - automatically retrieves the details of the last posted transaction to this name.
Load the Default Recurring Transaction for this Name - retrieves the default recurring transaction assigned to the name. When a transaction is entered for a name, it can be saved as a recurring transaction by clicking the Recurring button, entering a description, and then clicking Save. Multiple recurring transactions can be setup for one name, but only one can be loaded by default and that is the one marked as the default recurring transaction. If there is only one recurring transaction for a name, it is the default.

Note: If you want the recurring transaction to automatically display when you enter the vendor/customer name, change the Transaction Action for this name by right-clicking on any Name box (Pay To the Order Of, Customer Received From, etc.) in a transaction entry screen, selecting Transaction Actions, and then clicking Load Default Recurring.

To select a recurring transaction:

On any transaction entry screen, complete the transaction Header information. Enter the Amount to be used in the recurring transaction.
Click . The Recurring button will display with a yellow background if a name has an applicable recurring transaction.

On the Select Recurring Transaction screen, click More to display all recurring transactions, select the appropriate recurring transaction, and then click Select.
The Detail Lines from the recurring transaction setup will display. The recurring transaction will use the Amount from the transaction you are currently entering and calculate the Detail Line amounts by using either a fixed amount or percentage from the recurring transaction setup. See the Set a Transaction as Recurring procedure for more information.
Complete the transaction, and then click Save.