Chapter 10. Schedules

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

Sometimes called a scheduled transaction or a recurring transaction, a schedule provides a means to record information about a transaction that happens on a regular basis. You can schedule deposit, transfer, withdrawal, and loan transactions. There is a lot of flexibility in schedules, including transactions that occur Once, or on a basis of number of Days, Weeks, Half-months, Months, or Years.

Because you know these transactions happen regularly, 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 next occur.

Schedules can be created to reflect money coming in or out of your accounts on a consistent basis. Common uses include paychecks, taxes, insurance, credit card payments, 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, including options for Payment method, Account, Pay to/from, Category, Tags, Memo, Due date, Amount, and Status. Along with these, you can also select additional options based on when to process the transaction.