Recurring Invoice
An invoice automatically generated on a regular schedule.
A recurring invoice is automatically created and sent at regular intervals (weekly, monthly, quarterly) for ongoing services or subscriptions. Most accounting and invoicing software supports automated recurring invoices, eliminating manual work and ensuring consistent billing. They should include clear descriptions of the recurring service and any terms for adjustment or cancellation.
Example
A managed IT services company sets up monthly recurring invoices of $2,500 for each client on a support retainer, automatically generated and emailed on the first of each month.
Why It Matters for Your Business
Recurring invoices automate a tedious process, ensure you never forget to bill a client, and create predictable revenue streams that improve cash flow forecasting.
Related Terms
More Invoicing Terms
AR Aging
A report categorizing outstanding invoices by age.
Billing Cycle
The recurring period between billing statements.
Credit Memo
A document reducing the amount owed by a customer.
Days Sales Outstanding
Average days to collect payment after a sale.
Invoice
A document requesting payment for goods or services.
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