Fix QuickBooks Error 1311 [Resolved]

 

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When it comes to easy accounting, the one and only software that can help you is QuickBooks. QuickBooks is accounting software that will assist you in keeping a record of every financial transaction you do. If you are a business owner then you must know how important it is to keep a record of monetary transactions. Although QuickBooks comes with thousands of features and tools. But today we are going to talk about QuickBooks memorized transactions.

What are QuickBooks Memorized Transactions?

quickbooks memorized transactions

QuickBooks offers a feature of the memorized transaction through which you can keep a record of your transactions. QuickBooks can memorize your recurring transaction and creates a template for the same. You can do data entry in just a click. These transactions are also known as recurring transactions. If you want to know more about it then you must keep up with the article and get the answer to all your questions about memorized transactions.

Features of Memorized Transactions

  • Time-Saving

It is a time-saving option available to you. You don’t need to re-enter your transactions again to memorize. Entering data is such a boring task to do and time-consuming too where this feature comes into play hence, this feature has saved time for data entry operations as well. 

  • Accuracy

There are no doubts about the accuracy of this feature of QuickBooks. As it ultimately memorizes the transaction you have made in the transaction dashboard. 

  • Keeps Better Tabs on the Cash in the Bank

It will help you to record your financial transactions as it would prevent double payments as it would make you remember if you make a payment again. This maintains the cash flow accurately.

  • Memorize a Bunch of Different transactions

You can maintain various types of transactions in this and here are a few we are enlisting. Customer invoices, Vendor bills, Purchase orders, Credit card charges, Journal entries, etc. 

Read More - How to Make a QuickBooks Journal Entry?

How to Create and Use QuickBooks Memorized Transactions?

Now, It is time to know how one should create these transactions. The process is very easy and simple. If you want to create a memorized transaction then you must follow the following steps. In this way, the first step is to select the transaction that you want to memorize.

  1.  Open the transaction and press Ctrl + M or go to the option edit and select Memorize.
  2.  You can name the transaction for your convenience. How to Create and Use Memorize Transactions?
  3. Now, you need to enter the details of how often you want to recur it or the dates, etc.
  4. Here, QuickBooks will take you back to the transaction and will ask you if you want to save it or clear it. Select whatever option you may find right for you.
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How to Rectify Memorized Transactions in QuickBooks?

If you have made a mistake in creating memorized transactions in QuickBooks then don’t worry because there are options to edit and modify it. If you want to know how one should modify it then you must follow the simple steps to edit memorized transactions.How to Rectify Memorized Transactions in QuickBooks?

  1. First, open the list and click on memorized transactions.
  2. After doing so select the transaction that you want to modify.
  3. Double-click on the transaction.
  4. Make the changes needed and select memorize.
Read More - What is the process to reclassify transactions in QuickBooks?

How to Delete Memorized Transactions in QuickBooks?

Another option that is available to you is to delete. You can delete any memorized transaction at any time. If you don’t want to continue with any transaction then you simply delete that with the following steps.

How to Delete Memorized Transactions in QuickBooks?

  1. Open any memorized transaction that is no longer needed.
  2. Double-click on it and you will get the option to delete it or simply you can press Ctrl+D.
  3. A dialogue box will come to confirm the deleting process. Click OK.

Conclusion

So far we have discussed all the aspects of QuickBooks memorized transactions. It has a number of features that people would love to use but get confused sometimes because of its complexity. In the above article, you have learned how one should create, edit and delete memorized transactions in QuickBooks. We hope that we have helped you and that now you are able to use QuickBooks online memorized transactions. If you are still facing any issues with the memorized transaction in QuickBooks then you can reach us out and we are ready to assist you in every possible way.

Frequently Asked Questions (FAQs)

Q1. How to run memorized transactions in QuickBooks?

Answer – If you want to run QuickBooks memorized transactions then you must follow these steps:-

  1. Click list Menu.
  2. Select Memorized Transactions.

So from here, you can see your transactions and you can rectify your memorized transactions.

Q2. How to change memorized transactions in QuickBooks?

Answer – Changing and modifying memorized transactions is a very easy thing to do. Here are some steps:-

  1. Select Lists menu > Memorized Transaction List.
  2. Double-click on the transaction that you want to modify.
  3. Make the changes you want.
  4. Select Memorize at the top. Select Save & Close it.

Q3. Why do I use memorized transactions in QuickBooks online?

Answer – Every time when we talk about accounting or keeping records in business the only software that probably will assist you is QuickBooks. It helps in maintaining records of financial transactions without much hassle. The feature of memorized transactions in QuickBooks is a time-saving and easy-to-use option for keeping records.

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