Creating recurring invoices

When you create a recurring invoice, the system increments the invoice date, due date, distribution date, and discount date of the next invoice recurrence by the recurring frequency you select. It also assigns a unique invoice suffix number to each recurrence. Use recurring invoices for payment you need to make on a regular basis, such as a rent payment or a car payment. Recurring invoice transaction

Create a recurring invoice

  1. Use Basic Invoice (AP20.1) to specify invoice information for the invoice you want to recur.
  2. Select the Payment tab. In the Recurring Invoice fields, specify the number of times you want the invoice to recur and select a frequency for the recurring schedule.

Other procedures related to recurring invoices

  • Running Payment Closing (AP170) creates the next recurrence of any recurring invoice it processes. As an option, you can run Recurring Invoice Update (AP193) to update recurring invoices. Run Recurring Invoice Update (AP193) if you have any unpaid recurring invoices that are past their due date and want to ensure the liability for the next invoice recurrence posts to the current period to be closed. The program creates the next recurrence of any unpaid recurring invoices if the invoice date or posting date of the next recurrence falls before the As of Date you define.