Last month we wrote about the benefits of having QuickBooks on your desktop. Among those we listed three ways that QuickBooks helps you:
- Save time
- Save money
- Minimize errors
This month we are talking about the use of memorized transactions. These are templates you set up that contain most if not all the information that could be repeated at specified intervals, eliminating the need for you to enter the same repetitive data regularly and reducing the chances that you'll make a mistake.
You can create these transaction "models" for both sale and purchase transactions. For example, you might have wireless service bills that remain the same every month or vary by just a bit. Or, you have customers who have monthly standing orders for the same products, or services, or subscription fees.