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AR Recurring Invoice Feature

AP has a recurring invoice feafeature;ture, can AR get this same feature. It would save us a lot of time each month.

  • Guest
  • Nov 10 2022
  • Already exists
Company Plote Construction Inc.
Job Title / Role Corporate Controller
I need it... Yesterday...Come on already
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  • Admin
    Natallia Prokin commented
    April 10, 2023 19:47

    I think, what you are asking for with whole bunch of options already exists with SM Agreements. If you use this feature of Vista you will be able to set up customer leasing agreements within SM module, and initialize invoices from those agreements just like from templates.

  • Peter Bloem commented
    April 10, 2023 19:19

    We have companies that lease equipment or property to the same customer at the same monthly rate. Every time we bill for these transactions in a month we have to start from scratch instead of using a recurring template.

  • Admin
    Natallia Prokin commented
    April 10, 2023 19:14

    Reoccurring invoices are basically records created from templates that get reinitialized with a selected frequency. Every time they get pushed into accounting they would be for the same amount and hitting the same revenue centers.

    Normally, on T&M billing the amount is based on costs incurred in a period of time, and costs can vary greatly. On progress billing jobs are invoiced based on installation quantities and/ or percent complete, and that can change as well from period to period.

    In addition, those quantities and costs can vary from cost center to cost center between different periods, so I can not quite picture how we can benefit from a reoccurring invoice here. Can you please elaborate on your business case for this request? Thank you

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