What is recurrence in SAP SRD-SRM-SI - SRM-Supplier Invoicing?

SAP Term: recurrence

• Component: SRD-SRM-SI

• Component Name: SRM-Supplier Invoicing

• Description: The frequency with which an activity occurs.

Smart SAP Assistant

• Key Concepts: 
  Recurrence is a feature in SAP Supplier Invoicing that allows users to create invoices with recurring payment terms. This feature allows users to set up a schedule for payments to be made on a regular basis, such as monthly or quarterly. This helps streamline the process of making payments to suppliers and ensures that payments are made on time. 
  
  How to use it: 
  To use the recurrence feature in SAP Supplier Invoicing, users must first create an invoice with the desired payment terms. Once the invoice is created, users can select the “Recurrence” option from the menu. This will open a window where users can specify the frequency of payments, such as monthly or quarterly. Users can also specify the start and end dates for the recurrence period. Once all of the details have been entered, users can save the recurrence settings and the invoice will be automatically generated on a regular basis according to the specified schedule. 
  
  Tips & Tricks: 
  When setting up a recurrence schedule, it is important to make sure that all of the details are correct. This includes specifying the correct start and end dates for the recurrence period, as well as ensuring that all of the payment terms are correct. It is also important to make sure that there are sufficient funds available in order to make all of the payments on time. 
  
  Related Information: 
  For more information about using recurrence in SAP Supplier Invoicing, please refer to SAP’s official documentation at https://help.sap.com/viewer/product/SRM_SI/7.0/en-US/f9f8d3a2b6c14e8a9f3d7c2b5f9e4d1a.html