Required setup to run recurring invoices

Authorize the specific users to maintain billing charges as a new billing cycle approaches. You can use this option if the quantities can be billed for a change from one billing cycle to the next and if you can manually control the charge that you bill each billing cycle.

The invoice date determines the Global Ledger period to which a particular transaction is posted. This action is used to base the invoice date on the date that you actually create the invoice. If you decide that the invoice date is the date that you create the invoice, then the date may vary from one month to the next.

For example, if you run the invoices on the third Thursday of every month, then one month can have an invoice date of the 17th and the next invoice date may be the 20th. If you decide not to use the recurring bill date as the invoice date, then you can predefine a date, such as the 15th of every month.

This action is used to define a unique two-character prefix that identifies the recurring invoices.