What is the initial step required to set up a recurring transaction?

The initial step required to set up a recurring transaction in QuickBooks is to navigate to the section specifically designated for managing recurring transactions. By going to Gear > Recurring Transactions > New, you access the functionality that allows you to create transactions that will automatically repeat at set intervals. This streamlined process makes it easy to automate billing, payments, or any other financial activities that require consistency, which saves time and reduces the risk of errors.

Other options, while they might have their purposes in QuickBooks, do not lead directly to setting up a recurring transaction. Accessing transaction history may provide insights into past activities but does not facilitate the creation of new recurring entries. Creating a custom report is useful for analysis and record-keeping but is not related to establishing automatic transactions. Contacting customer support could be necessary for troubleshooting or assistance, but it is not a required step in setting up recurring transactions. Thus, navigating to the recurring transactions section is the correct and logical first step in this process.