Recurring Invoice
Invoice TypesAn invoice that is automatically generated and sent on a regular schedule.
Detailed Explanation
Recurring invoices are used for ongoing services or subscription-based businesses where customers are billed at regular intervals (weekly, monthly, quarterly, or annually). Once set up, these invoices are automatically generated and sent without manual intervention, saving time and ensuring consistent billing. Recurring invoices are ideal for retainer agreements, monthly subscriptions, rent, maintenance contracts, and any service with predictable, repeated charges.
Examples
- A software company sends monthly recurring invoices for SaaS subscriptions
- A consultant bills a retainer client with automatic monthly invoices