The system allows you to define the predefined intervals that the invoices should be invoiced. The recurring codes allow you to define as many different intervals as you want.
There is no limitation to the recurring intervals as the system uses the data formula codes from Navision Financials. This means that it is possible to define intervals like a specific day every month, quarter etc.
How it works
When an invoice has been entered into the system the recurring information can be set up. The Recurrence Status is set to Active and the Recurring Code is set appropriately.
It is possible to determine if the system should update prices and discounts on lines at the next time of invoice. It is also possible to set an expiration date when the invoice expires.
The invoice lines can use substitutions for day, week, month, year etc. so that the system automatically fills in the blanks. This means that you do not have to update the lines manually every time the invoice is going to be issued.
Using the standard Batch Posting facility it is possible to post as many recurring invoices as you want at the same time.
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