ICal and repeating alerts

Instead of always typing it in every day of the month, is there a way u can repeat all notes for the next month. I.E. Say I have a bill to pay on the 15 of every month. Is there a way i can click something to put it in for the 15th of every month for the rest of the year and so on?

awesome worked, thanks so much now its that easier and i dont have to remember every month to put something down. Thanks again Pyr0!