Chapter 10. Schedules

Roger Lum

Michael T. Edwardes

Michael Carpino

Revision 5.0.3 (2019-04-01)


Schedules maintain information about transactions that occur one or more times over a specified period of time.

Sometimes called a recurring transaction, a schedule provides a means to record information about a transaction that happen on a regular basis. You can schedule deposit, transfer, withdrawal, and loan transactions. There is a lot of flexibility built in with scheduling transactions that include doing it Once, or on a basis of number of Day(s), Week(s), Half-month(s), Month(s), or Year(s).

Because you know these transactions are regularly made, whether they are payments made to you or payments you make to someone else, you can create a Schedule to record information about the recurring details to simplify and easily remember when the event will occur.

Schedules can be considered to reflect money coming in or out of your accounts on a consistent basis. Common uses include paychecks, taxes, insurance, credit cards, dues, interest, loans, mortgage, and rents. Scheduling a payment like these provides for a useful reminder so you can manage expected future financial matters effectively.

A schedule consists of two main parts: the transaction data and the scheduling data. The scheduling data records the occurrence of the schedule, i.e., when the transaction is to be entered into the ledger and how. The transaction data records the normal details about the transaction. These include options for Payment method, Account, Pay to/from, Category, Tags, Memo, Due date, Amount and status. Along with this, you can also select additional options based on when to process the transaction.