The Benefits of Recurring Transactions

Do you ever feel like you’re repeating yourself? Over and over? Sending the same invoices, to the same clients, but for a different month? Well at least it sounds like regular money is coming in, which is great. Now you just need some time to enjoy it. Which is why Pandle includes a feature for recurring transactions to ease some of the admin burden.

What are recurring transactions?

These are the transactions which you see on repeat, like invoicing the same customer for the same thing each month. It might be a monthly retainer fee, or a repeat order for products they need on a regular basis.

Good bookkeeping software allows you to automate the process of creating and sending these invoices rather than doing the work manually every time. You can programme a set number of invoices, on whatever schedule you like, or even set them to run until you hit the stop button.

Recurring transactions can work for other things too. So, if you get regular repeat invoices from a supplier, you can automate their entry into your records. If you pay staff the same wages every month, you can set this up to appear in your accounts as a recurring transaction.

Why do I need them?

Recurring transactions are particularly useful for those who regularly invoice the same customers for identical amounts. You’ll save time, and be one of those efficient types that look so accomplished on Instagram. Using invoicing software isn’t mandatory, but this is just one of the ways it can help your business.

Learn more about using Pandle to make business accounting easier. Create an account today and decide what to do with all the extra time you get back.