diff --git a/app/apps/common/tasks.py b/app/apps/common/tasks.py
new file mode 100644
index 0000000..4cddd74
--- /dev/null
+++ b/app/apps/common/tasks.py
@@ -0,0 +1,14 @@
+from procrastinate import builtin_tasks
+from procrastinate.contrib.django import app
+
+
+@app.periodic(cron="0 4 * * *")
+@app.task(queueing_lock="remove_old_jobs", pass_context=True)
+async def remove_old_jobs(context, timestamp):
+    return await builtin_tasks.remove_old_jobs(
+        context,
+        max_hours=744,
+        remove_error=True,
+        remove_cancelled=True,
+        remove_aborted=True,
+    )
diff --git a/app/apps/transactions/migrations/0016_recurringtransaction_and_more.py b/app/apps/transactions/migrations/0016_recurringtransaction_and_more.py
new file mode 100644
index 0000000..1091df8
--- /dev/null
+++ b/app/apps/transactions/migrations/0016_recurringtransaction_and_more.py
@@ -0,0 +1,43 @@
+# Generated by Django 5.1.2 on 2024-10-16 18:47
+
+import apps.transactions.validators
+import django.db.models.deletion
+from django.db import migrations, models
+
+
+class Migration(migrations.Migration):
+
+    dependencies = [
+        ('accounts', '0004_account_group'),
+        ('transactions', '0015_installmentplan_installment_total_number_and_more'),
+    ]
+
+    operations = [
+        migrations.CreateModel(
+            name='RecurringTransaction',
+            fields=[
+                ('id', models.BigAutoField(auto_created=True, primary_key=True, serialize=False, verbose_name='ID')),
+                ('type', models.CharField(choices=[('IN', 'Income'), ('EX', 'Expense')], default='EX', max_length=2, verbose_name='Type')),
+                ('amount', models.DecimalField(decimal_places=30, max_digits=42, validators=[apps.transactions.validators.validate_non_negative, apps.transactions.validators.validate_decimal_places], verbose_name='Amount')),
+                ('description', models.CharField(max_length=500, verbose_name='Description')),
+                ('start_date', models.DateField(verbose_name='Start Date')),
+                ('end_date', models.DateField(blank=True, null=True, verbose_name='End Date')),
+                ('recurrence_type', models.CharField(choices=[('day', 'Day(s)'), ('week', 'Week(s)'), ('month', 'Month(s)'), ('year', 'Year(s)')], max_length=7, verbose_name='Recurrence Type')),
+                ('recurrence_interval', models.PositiveIntegerField(help_text='Interval of recurrence (e.g., every 2 weeks)', verbose_name='Recurrence Interval')),
+                ('last_generated_date', models.DateField(blank=True, null=True, verbose_name='Last Generated Date')),
+                ('account', models.ForeignKey(on_delete=django.db.models.deletion.CASCADE, to='accounts.account', verbose_name='Account')),
+                ('category', models.ForeignKey(blank=True, null=True, on_delete=django.db.models.deletion.SET_NULL, to='transactions.transactioncategory', verbose_name='Category')),
+                ('tags', models.ManyToManyField(blank=True, to='transactions.transactiontag', verbose_name='Tags')),
+            ],
+            options={
+                'verbose_name': 'Recurring Transaction',
+                'verbose_name_plural': 'Recurring Transactions',
+                'db_table': 'recurring_transactions',
+            },
+        ),
+        migrations.AddField(
+            model_name='transaction',
+            name='recurring_transaction',
+            field=models.ForeignKey(blank=True, null=True, on_delete=django.db.models.deletion.CASCADE, related_name='transactions', to='transactions.recurringtransaction', verbose_name='Recurring Transaction'),
+        ),
+    ]
diff --git a/app/apps/transactions/migrations/0017_recurringtransaction_reference_date_and_more.py b/app/apps/transactions/migrations/0017_recurringtransaction_reference_date_and_more.py
new file mode 100644
index 0000000..2906e18
--- /dev/null
+++ b/app/apps/transactions/migrations/0017_recurringtransaction_reference_date_and_more.py
@@ -0,0 +1,28 @@
+# Generated by Django 5.1.2 on 2024-10-17 01:24
+
+from django.db import migrations, models
+
+
+class Migration(migrations.Migration):
+
+    dependencies = [
+        ('transactions', '0016_recurringtransaction_and_more'),
+    ]
+
+    operations = [
+        migrations.AddField(
+            model_name='recurringtransaction',
+            name='reference_date',
+            field=models.DateField(blank=True, null=True, verbose_name='Reference Date'),
+        ),
+        migrations.AlterField(
+            model_name='recurringtransaction',
+            name='recurrence_interval',
+            field=models.PositiveIntegerField(verbose_name='Recurrence Interval'),
+        ),
+        migrations.AlterField(
+            model_name='recurringtransaction',
+            name='recurrence_type',
+            field=models.CharField(choices=[('day', 'day(s)'), ('week', 'week(s)'), ('month', 'month(s)'), ('year', 'year(s)')], max_length=7, verbose_name='Recurrence Type'),
+        ),
+    ]
diff --git a/app/apps/transactions/migrations/0018_recurringtransaction_last_generated_reference_date.py b/app/apps/transactions/migrations/0018_recurringtransaction_last_generated_reference_date.py
new file mode 100644
index 0000000..4c8a596
--- /dev/null
+++ b/app/apps/transactions/migrations/0018_recurringtransaction_last_generated_reference_date.py
@@ -0,0 +1,18 @@
+# Generated by Django 5.1.2 on 2024-10-17 02:12
+
+from django.db import migrations, models
+
+
+class Migration(migrations.Migration):
+
+    dependencies = [
+        ('transactions', '0017_recurringtransaction_reference_date_and_more'),
+    ]
+
+    operations = [
+        migrations.AddField(
+            model_name='recurringtransaction',
+            name='last_generated_reference_date',
+            field=models.DateField(blank=True, null=True, verbose_name='Last Generated Reference Date'),
+        ),
+    ]