Let’s say you have a monthly bill for $450 that’s paid to Bruce’s Office Machines. To memorize a transaction, you first need to create a model for it. You can save the details that remain the same every time, and use that template every time the bill or invoice is due, which can save a lot of time and improve accuracy. QuickBooks contains a shortcut to those recurring tasks, called Memorized Transactions. Other times, though, you’re paying or charging the same companies or individuals on a regular basis.
You might be doing a one-time purchase, like paying for some new office furniture. Some of the time, you only fill out those transaction forms once.
Generate payroll checks and submit payroll taxes. Your accounting work involves a lot of repetition.
