Use this module to send any recurring invoices, such as service contracts or maintenance agreements. Recurring Invoice Entry allows you to create the invoice one time so that FACTS can automatically post it to the receivables system for each month you designate. It also allows you to set up a cutoff so the monthly invoicing stops at a predetermined time.
As with regular invoicing, you enter the customer number and item number, etc. on all recurring invoices. Make changes to the invoices in the Recurring Invoice Entry (ARE130) program. The Recurring Invoice Listing (ARR120) program lets you designate which type of recurring invoices (expired, unexpired, etc.) to output.
Run the Post Recurring Invoices (ARU110) program to update any recurring invoices. Keep in mind that this program does not post invoices directly into the Open Documents file. Instead it posts into the Invoice Entry file, which the system uses to print the Sales Register. This approach provides you with an audit trail of all entered invoices that update the Open Documents file and the Accounts Receivable balance.