Can we create reversing memorised transactions in Reckon Hosted for accruals?

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  • Updated 7 months ago
We have accruals that we need to post every month and currently used memorised transactions to do so because the account numbers are always the same however the amounts vary from month to month (so using memorised transactions saves us from having to create similar journals each month).  

My question is can we create reversing memorised transactions? And if so how?
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Mike

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Posted 7 months ago

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Kevin Russell, Accredited Partner

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Nope
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Mike

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... well that's a bit average
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Kevin Russell, Accredited Partner

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Well to be fair, the other software isn't too different. Quickbooks will do it but Myob won't. It's not the sort of thing your everyday small business is likely to want to do. I discourage small business owners from using journals. Most of them haven't a clue what they are doing or even what they should be used for.