Set up a recurring bill

Ledger › Expenses › Recurring is where every regular commitment lives in one list: a charge that just debits your bank each period with no invoice (rent, a subscription, a fixed-fee contract) and a recurring bill you receive from a vendor. Each row is labelled by how it is fulfilled and shows its status (last booked, next expected, or a "may be missing" flag).

To save a charge you pay but never get a monthly invoice for:

1. Go to Ledger › Expenses › Recurring and click Add recurring expense.
2. Set the title, amount, category, frequency (Weekly, Biweekly, Monthly, Quarterly, Annually), and the Next run date.
3. When it's due, click Run now on the template to book that period's entry (confirm with Book it).

Claiming the GST as an input tax credit. If your contract is quoted with tax included (for example "$105 a month including GST"), turn on Amount includes tax and pick your Province. TALISK_HQ splits the total into the expense and the recoverable tax for you, so the GST or HST is booked to your input tax credits automatically and shows up on your GST/HST worksheet. In Quebec the QST is split too and claimed as an input tax refund when your book is QST-registered. If you'd rather enter the numbers yourself, leave the toggle off and type the amount before tax plus the GST/HST (and QST in Quebec).

It can book itself now. When a bank charge that matches an active template lands and its total is an exact match, TALISK_HQ books that period for you with the GST or HST already claimed, so you often don't need Run now at all. If the amount differs, it is the first charge we've seen for that template, or more than one template could fit, the charge waits for you as a one-tap Confirm (in the Recurring list and on the Banking review queue) instead of posting on a guess. If an expected charge never comes out of your bank, the row shows a "may be missing" flag so you can check the contract.

For a bill you actually receive an invoice for each period, set a vendor rule instead (on the Vendor Rules tab): mark the vendor recurring and TALISK_HQ auto-approves each arriving bill within your tolerance.

TALISK_HQ posts the expense and moves the Next run date forward. You can Pause or Resume a template, and deleting one removes the template only: it doesn't reverse anything already booked.

Whether the charge is booked automatically or you use Run now, it records the payment straight from your bank, so don't also categorize the matching line on your bank feed for the same charge, or it will be counted twice: match or reconcile that line instead.