A template gives you a way to save transaction data without immediately creating a real transaction that affects your books. It is recurring because you can set it up to be repeated. You choose when to create a real transaction from a template.
If you have transactions that occur often, templates save time and prevent data entry errors. You can also set up templates for other users in your company to use.
You can even save a template that includes only partial transaction data. For example, you can save the data that is appropriate for each monthly phone bill, but leave the Amount blank.
You can enter the data just once and have it repeated either automatically or after you are reminded. Also, you can just store templates in Recurring Transactions for use as needed.
Which type of recurring template should you create?
You can create a recurring template for just about every type of transaction, such as invoices or checks.
The only types of transaction templates you can't create are: