Key functionalities
This feature allows users to schedule recurrence such that expenses are automatically and periodically created for recurring expenditures like broadband bills and subscriptions.
How to set up recurrence?
To set up recurrence for an expense, click on Options at the bottom of the expense form and select Set-up Recurrence.
The following dialog will open up:
Recurrence frequency:
This section defines how often the recurring expense must be created - Daily, Weekly, or Monthly.
If you select the option Daily, you can define how often the expense must repeat. For example, once in x number of days.
If you select the option Weekly, you can define how often and on which all days of the week the expense must repeat. For example, every Monday and Wednesday, once in 2 weeks.
If you select the option Monthly, you can define how often and on which day of the month the expense must repeat. Based on the spend date of the initial expense for which you’re setting the recurrence for, there are two options for when the recurring expense can be scheduled during the month:
- On the same day in the same week as the initial spend date.
For example, if the spend date of the initial expense is May 14, 2020, which is the second Thursday of that month, then the options will be as follows:
Ends:
This section defines the terminating condition for the recurrence. It has two options:
Never - If you select this option, the recurrence will carry on indefinitely.
On <Date> - If you select this option, you can specify the date until which the expense must recur.
Finally, based on the frequency and the terminating condition that you select, you’ll see the summary of the recurrence at the bottom of the dialog.
Once a recurring expense is automatically created by the system, the user will be notified via an email.
You can identify a recurring expense by the recurrence icon next to the Date of Spend on the My expenses page.
To view or disable the recurrences that you’ve set, go to profile settings by clicking on the arrow next to your profile name in the top right corner of the app. In the Profile Settings page, click on the Recurring Expenses tab on the left navigation bar and you’ll be able to see all the recurrences you’ve set.