Automatic General Ledger Transactions

Overview

This option allows you to store transactions for vendors that will always be the same amount. This makes entering the transactions each month/year/week much faster and less prone to error.

1. Setup -> Automatic General Ledger Transactions
2. Enter the transaction:
   
   
   • The Vendor Look Up is used strictly for looking up Automatic Transactions on the Transaction Entry Screen.
     
     Note: You enter the Vendor Look Up code in the Account Number Field on the Transaction Entry Screen to bring up the Automatic Transaction.
     
     
   • If you want to associate an actual Vendor with this transaction enter their Vendor ID Number in the 1099 ID Field.
     
     Note: This allows you to generate a correct 1099 for the Vendor at tax time.