Overview of Recurring Billing

Use Recurring Billing to manage the creation of invoices on a cyclical basis for a fixed period of time, as reflected in the terms of a contract with your customer.

Examples include the use of rental equipment at a fixed monthly rate, or consulting services provided on an ongoing basis for the life of a project.

Use the Create Recurring Bill Plan page to define a bill plan according to the negotiated terms of the contract with your customer. Important components of the bill plan include contract and billing dates, billing frequency, payment terms, receipt method and payment instrument details, and the items or memo lines to be billed.

Generate invoices for a bill plan by running the Generate Recurring Billing Data program. This program loads invoice lines into the AutoInvoice interface tables. You then run Import AutoInvoice to group invoice lines into invoices per bill plan and bill plan period, and import the invoices into Receivables.

Use the Manage Recurring Bill Plans page to search for and review your bill plans and to create a duplicate bill plan. Use the Edit Recurring Bill Plan page to update an individual bill plan to reflect changes to the terms of a contract.

Use the Manage Transactions and Review Transaction pages to search for and review the transactions created by a bill plan. Use the Review Installments window to review and update unpaid installments on an invoice generated by a bill plan, according to the changes requested by your customer.

Use the Review Recurring Bill Plan History page to review and track changes made to a bill plan or bill plan lines. This includes changes to items and memo lines, transaction dates, and pricing.