How to make recurring transfer entries?

When you add a transfer in TimelyBills, it automatically creates these two transactions. Transfer entries can be either recurring or one-time. 

Steps to create a recurring transfer entry:

• Go to Dashboard: Open the app and navigate to the dashboard.

• Click the + icon: Tap the plus icon to begin adding a new transaction.

• Select Transfer: Choose the transfer option from the list of transaction types.

• Enter Amount: Input the amount to be transferred between the accounts.

• Select Category: By default, transfers are categorized under Transfer, but you can change this based on your preferences.

• Choose Accounts:
  • From Account: The account where the money will be deducted.
  • To Account: The account that will receive the funds.

• Set Date: Select the date of the transfer.

• Optional - Add Notes: Include any additional details in the notes field, if needed.
• Repeat Option: Transfer entries can be set up as either recurring or one-time. Select the repeat option and choose the recurrence frequency to add recurring transfer: 
  • Daily: Repeats every day. 
  • Weekly: Repeats every week on the same day. 
  • Bi-weekly: Repeats every two weeks on the same day. 
  • Monthly: Repeats every month on the same day. 
  • Bi-monthly: Repeats every two months on the same day. 
  • Annually: Repeats every year on the same day. 
  • Custom: Allows you to specify a non-standard recurrence schedule, including specific dates or intervals. 

• Expense Consideration: If you want to treat the outgoing transfer as an expense in the From Account for better tracking, check the box Consider this transfer as my expense.

• Save the Transfer: Tap the checkmark icon in the top-right corner to save your transfer.

Once saved, your transfer will appear in your transactions, marked with a blue bar for easy identification. See the screenshot below for reference.