Recurring Invoices

We can enter invoices for periodic business expenses for which you may not receive
invoices, such as rent. To enter recurring invoices, first define a recurring invoice
template, then create invoices based on the template. With a recurring invoice
template, you can do the following:

Specify the intervals in which invoices based on the recurring invoice

template will be created.
Create up to two special one-time invoice amounts of a non-standard amount,
such as a deposit or balloon payment.
Define recurring invoices to increase or decrease by a fixed percentage from
period to period.
>>Recurring Entries are of 3 types
1. Standard
2. Skeleton
3. Formulae Based
>> Task 1: Defining a Recurring Invoice Template.
Prerequisite
1.1: Special Calendar

1.2: Distribution Sets

>>Task 2: Entering Business Transactions

Validate the Invoice and make Payment

Do the create Accounting and Transfer to GL