Business, finance and payments
recurring invoice
In short and in plain language
A recurring invoice covers a service that repeats.
Examples are rent or the upkeep of a machine.
You get it once and then pay at regular times. There is no new bill each month.
Definition
A recurring invoice is an invoice that covers repeated services over several periods, for example rent or maintenance. It states, for example, the service period and the amount per period. Payment then usually runs by standing order or direct debit, without a new invoice each month.