Recurring Invoice page consists of two features,

1. Summary

2. Filter

These provide a general overview of the Recurring Invoice status for a business.

1.Recurring Invoice summary:

Recurring Invoice summary is of two types,

1.1 Progress

1.2 Circle

The above types provides the information below:

Total Recurring Invoices Amount: Total amount of Recurring Invoices.

Paid: Paid amount of Recurring Invoices.

Unpaid: Unpaid amount of Recurring Invoices.

Overdue: Overdue amount of Recurring Invoices.

By clicking on Paid Recurring Invoices, all the paid Recurring invoices are filtered. Similarly for remaining Unpaid, Overdue Recurring invoices respectively.

       1.1 Progress type summary:

This summary gives the data in figures ( currency ) and Recurring Invoices count.

These can again be filtered based on currency ( like USD, INR, Dinar etc). This allows fetching of all the Recurring invoices either paid or unpaid with that particular currency.

       1.2 Circle type summary:

This summary gives the data in percentage ( Recurring Invoices ) and amount of all the Recurring Invoices.

2. Recurring Invoice Filter:

Recurring Invoice filter allows us to filter these by entering the required type in the fields.

These fields are,

2.1 Date: These are the options available in the date filter.

2.1.2 Today,

2.1.3 Yesterday

2.1.4 Last 7 days

2.1.5 Last 30 days

2.1.6 This Month

2.1.7 Last Month

2.1.8 This Year

2.1.9 Last Year

2.1.10 All time

2.1.11 Custom Range – Specific dates can be given.

2.2 Type: These are of 3 types.

2.2.1 Created date

2.2.2 Recurring Invoice date

2.2.3 Recurring Invoice due date

2.3 Payment Status: This shows the Recurring invoices of the below status types.

2.3.1 All

2.3.2 Paid

2.3.3 Unpaid

2.3.4 Overdue

2.3.5 Cancelled

2.3.6 Partial Payment

2.4 Currency: Filters based on Currency.

2.4.1 USD

2.4.2 INR

2.5 Customer: Allows to filter based on Customer name.

To create Recurring Invoice, we need to set the interval of time to recur automatically to the customer through Invoice Cron job Settings.

Go to Global Settings–>Master Settings–>Invoice Cron job Settings–> Settings.

12/24 hours format is used to automate the operations at these intervals. This can be customized again, as when to recur (daily/weekly/monthly/yearly) and how many cycles to take place. The invoice will be recurred at a specific time of the day, based on the hour you have mentioned in this field.

It will be recurred automatically by giving a value to send Auto send reminder / Auto re-send reminder to the Customer through an Email by using a Invoice cron job ( in Master Settings ).

Creation of New invoice is of three types,

• Generate and auto-send the renewed invoice to the customer: This creates a new child invoice automatically and is sent to the customer through mail.
• Generate an unpaid invoice: Here the child invoice is generated and displayed to the customer but email will not be sent.
• Generate a draft invoice: New child invoice is generated but will neither be displayed to customer nor mail will not be sent.

How it will be Calculated:

The date when the invoice needs to be re-created(renewed/recurred) is calculated from the invoice date which is given manually during the creation of the Invoice.

A recurring invoice is a type of invoicing in which a supplier or merchant automatically charges a customer for products at regular intervals (every x days/weeks/months). The regular intervals can be customised as per the requirment.