Business glossary
Recurring invoice
An invoice issued repeatedly on a defined schedule for ongoing goods or services.
Example
A consultant bills $600 each month for an agreed retainer. Every invoice identifies its own number, service period and due date, even when the line items repeat.
How it differs from related terms
Recurring invoicing repeats a payment request. It does not necessarily collect payment automatically. An automatic charge requires the relevant payment arrangement and authorization, and each payment still needs to be reconciled.
Frequently asked questions
What is an example of recurring invoice?
A consultant bills $600 each month for an agreed retainer. Every invoice identifies its own number, service period and due date, even when the line items repeat.
How should recurring invoice be interpreted?
Recurring invoicing repeats a payment request. It does not necessarily collect payment automatically. An automatic charge requires the relevant payment arrangement and authorization, and each payment still needs to be reconciled.