Group: Add/Edit Vendor Invoices
Action: Add/Edit Recurring Invoices
You may have monthly entries that are identical to entries made the previous month and will be the same for many future months. Instead of re-entering the same information each month, you may use the Add/Edit Vendor Periodic Invoices Module step. This procedure is used to set up periodic accounts payable entries such as loan payments, rent or any other regular payments that are required on a monthly basis.
All of the information regarding the periodic entry is set up on the form, including the total amount of the obligation, number of payments and the balance due.
These payments are added to the accounts payable table each month through Post Vendor Periodic Invoices . Items that have no balance due will not be posted.
Calling up the periodic invoice in edit mode and re-entering the base amount and balance due can renew periodic invoices for payments such as rent.
For step-by-step instructions, see the Common A/P Transactions section.