Recurring Invoices

When a supplier bills you an identical amount each month (e.g. internet service provider) or when you pay monthly for a subscription, you can specify a recurring billing/payment.

The invoices/payments will then be created automatically every month.

This will save you from having to manually enter all the invoices/payments one by one.

To add an invoice or a recurring payment, click on the + Recurring invoice button.

Automate Regular Expenses

Recurring invoices and payments save significant time by automatically creating monthly transactions for regular expenses like utilities, subscriptions, and service contracts.

Settings

Description	Description of the invoice / recurring payment
Amount	Amount of the invoice / recurring payment
Expense account	Name of the accounting category in which the invoice / recurring payment will be recorded
Payment method	Payment method when it is a payment
Bank account	Bank account used when it is a payment
Billing day	Billing day when it is a recurring invoice
Payment day	Payment day when it is a recurring payment
Closing date	End date of the recurrence. If you leave the field blank, the transaction will repeat endlessly.

Endless Recurrence

If you don’t set a closing date, the recurring transaction will continue indefinitely. Remember to set a closing date when you know the end date of a subscription or contract.