Standing order cash

The cash account standing order automatically creates recurring account transactions. It is the simpler of the two standing order types, as only a fixed amount and an account need to be configured.

Transaction types

Two transaction types are available for cash standing orders:

• Deposit: Regular credit to the account. A typical use case is a monthly money transfer to the trading account.
• Withdrawal: Regular debit from the account. Can be used, for example, for recurring fees or regular withdrawals.

Input fields

When creating or editing a cash standing order, the following information must be provided:

• Transaction type: Deposit or withdrawal.
• Account: The account on which the transaction is posted. The selection list shows all accounts of the tenant, grouped by portfolio and currency.
• Amount: The fixed amount in the currency of the selected account that is posted with each execution.
• Transaction cost (optional): A fixed transaction cost that is applied to each generated transaction. This can be used, for example, to account for bank fees on recurring transfers.

Additionally, the common fields of the repeat configuration are available: repeat unit, repeat interval, day position, execution day, execution month, weekend adjustment, valid from, valid to and an optional note.

Created transactions

Each transaction created by the standing order corresponds to a normal cash transaction. It can subsequently be viewed in the usual transaction views and edited if necessary.