I am on old MYOB Accounting user (back 15 years ago) and I am SURE there used to be an option to "Record Transaction" from the Recurring Transaction screen. (In fact, there used to be a really nice "tree" of common options you would typically do in MYOB.... I miss that...)
Currently, the List of Recurring transactions is found in the Banking section, yet to create a transaction from the Recurring list kinda depends on what kind of transaction you want to make. It's confusing.
Why separate them and why not make it easy to jump straight into it. When I am reconciling a bank statement, there are dozens of recurring transactions I need to create. I recognise them easily on the statement. So my thought is (and I'm sure is how it worked back in the day) is you go to your list of Recurring Transactions and from there, you pick the RT you need to enter, and from THAT screen, there is a button Record New Transaction. Here is a (bad) mockup.
BTW, that "RECORD" at the bottom of the screen is the wrong word. You are SAVING the template for a recurring transaction. You are not actually RECORDING the recurring transaction into a Journal, at that point.
Alternatively, or even a second option, you could have some way to "Record New Transaction" from the actual list of Recurring Transactions. Here is another (terrible) mockup.
