Definition: A scheduled transaction is a transaction you set up in financial software to pay a bill or record income at some time in the future. A scheduled transaction can be a one-time transaction you need to remember, but more typically a scheduled transaction is a recurring payment or deposit. These scheduled transactions can be set up to occur weekly, monthly, semi-monthly, quarterly or yearly. Depending on what financial software you use, other increments of days or months may be available.
Scheduled Transactions
By Shelley Elmblad, About.com Guide
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