The NEST
The NESTby My Notary Edge
Back to KnowledgeBase
Bookkeeping

Set up recurring expenses

Some business expenses happen again and again.

Instead of manually entering the same predictable expense every billing cycle, use a **recurring expense** when the cost follows a regular schedule.

### Good candidates for recurring expenses

Recurring expenses are useful for predictable business costs such as subscriptions, software, memberships, services, or other expenses that repeat on a regular schedule.

Use recurring entries for costs that are genuinely recurring rather than expenses that merely happen more than once.

### Set the recurring details

Enter the expense information and configure the schedule that reflects how often the charge occurs.

Where applicable, set the appropriate beginning and ending boundaries so The NEST knows when the recurring expense should apply.

### Keep the category accurate

Recurring expenses still feed into your bookkeeping and reports.

Choose the category and other applicable bookkeeping information just as carefully as you would for an expense entered manually.

The fact that an expense repeats doesn't change what the expense represents.

### Review recurring expenses periodically

Subscriptions and other repeating business costs change.

Prices increase. Services are cancelled. Memberships expire. New tools replace old ones.

Review your recurring expenses periodically so The NEST doesn't continue representing a cost that your business no longer has.

### Update the recurring record when something changes

If the underlying expense changes, update the recurring information rather than allowing inaccurate future entries to continue.

Recurring expenses are meant to eliminate repetitive bookkeeping — not eliminate your need to occasionally review what your business is paying for.