You can enter and save common transactions such as vendor payments for later use. For example, you can repeat a previous transaction several times. Using memorized transactions can save time in repetitive data-entry tasks.
To enter a memorized payment, enter a transaction ID and description that describes the transaction; then enter the payment information. When finished, select Save to record the memorized transaction for later use. Memorized transactions are not posted to journals or the general ledger.
Notes: Not all payment fields are maintained in memorized transactions. Once the memorized payment is selected for use in the Payments window, you must enter unique fields such as check/reference number and date.
When you create a payment on the Payments window, you have to choose a payment method. The payment method on payments created from memorized payments will default to the payment method that was set up for the vendor, but you can choose a different payment method if you want to. If you are entering an electronic payment, the payment method will default to Electronic unless you have deleted that payment method from Vendor Defaults.
You don't have to create a memorized payment from scratch; you can memorize an already existing transaction as well.
Once you set up memorized invoices, you can select and use them. On the Payments window, click the drop-down arrow to the right of the List button. Then, click Select.