Glossary · Invoices and billing
Recurring invoice
A recurring invoice bills the same customer the same amount on a fixed schedule, such as a monthly retainer or subscription.
Recurring invoices are generated on a schedule — monthly, quarterly, yearly — for ongoing services at a set price: retainers, support contracts, licence fees.
They save effort but carry a specific risk: because they arrive like clockwork, a customer who stops paying can run up several months of arrears before anyone notices. Watch recurring invoices in your aging report like any other, and pause the schedule if the account goes on hold.
If the customer pays by direct debit, recurring invoices pair well with it: the invoice states the amount and collection date, and the money arrives without a reminder.
Example
An IT support firm invoices 40 clients €600 on the first of each month. One client has paid none of its last three invoices; the aging report shows €1,800 owed, the oldest more than 60 days past due.