What is Recurring Invoices in SAP SRD-SRM-SI - SRM-Supplier Invoicing?

SAP Term: Recurring Invoices

• Component: SRD-SRM-SI

• Component Name: SRM-Supplier Invoicing

• Description: A work center view that enables you to create invoices automatically in defined periodic intervals for regular fixed amounts such as rent, leasing, or insurance.

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• Key Concepts: 
  Recurring invoices are a type of invoice that is generated on a regular basis for the same amount and same supplier. This type of invoice is typically used for services or products that are purchased on a regular basis, such as monthly subscriptions or recurring payments. 
  
  How to use it: 
  In SAP SRM-Supplier Invoicing, recurring invoices can be created and managed. The user can set up the frequency of the invoice, the amount, and the supplier. The system will then generate the invoice automatically at the specified frequency. 
  
  Tips & Tricks: 
  When setting up a recurring invoice, it is important to ensure that all of the details are correct. This includes the amount, frequency, and supplier information. It is also important to ensure that the invoice is sent to the correct address. 
  
  Related Information: 
  Recurring invoices are similar to standing orders in that they are both used for regular payments. However, standing orders are typically used for payments to banks or other financial institutions, while recurring invoices are used for payments to suppliers.