Hi Moe

Yes indeed there is. You can create recurring invoices by registering the Annuity Billing Invoice 

Also, please download and watch our webinar on the Annuity Billing module. by clicking this link 

Kind Regards

Bennie

Hi Moe

Yes indeed there is. You can create recurring invoices by registering the Annuity Billing Invoice 

Also, please download and watch our webinar on the Annuity Billing module. by clicking this link 

Kind Regards

Bennie

Hi Bennie

Thanks. Another question : is there a way to auto run an invoice daily for 5 days within the annuity billing module? (For a hiring company)

Hi Moe

My apologies for the late response. 

Please confirm:

Should a new invoice be automatically recurring running for only 5 days and then stop?

Please elaborate a little bit more so I can properly understand exactly what you expect from the Annuity Billing module.

Kind regards

Bennie 

Hi Bennie

Not a problem. You are correct, the invoice must run automatically for 5 days and then stop.

Example I hire out an item for 5 days @ R100 per day. The client pays a deposit of R500 (equal to the 5 days rental). The clients account in the AR module shows a credit of R500 (being the deposit, equal to the 5 days rental) at this stage i process a sales order and not an invoice (reason being the client could return in 4 days and liable for just 4 days worth of rental).  I want to run the recurring invoice daily over the 5 days so as to reduce the deposit daily (by the daily rental amount), so theoretically by the 5th day the deposit should be zero in the AR module. Should the client return on the 4th day, i will stop the recurring invoice and refund the customer the R100 to his credit in the AR module.

The issue comes in when the client over-runs the return date and the AR account is now at a zero balance, i can run through the AR list and call the client to request additional deposit (this is where the business is falling show currently as there are over 500 items out on hire at any point in time)

Hi Moe

Sorry for the late response

But good news: I believe the Annuity Billing module would be able to comply with your requirement above.

Find attached a Word doc called DAILY ANNUITY BILLING RENTAL CONFIGURATION CONTRACT that indicates how the relevant Annuity Billing | Maintenance | Annuity Billing Configuration record should be setup to fulfill the requirement 

You can of course fine tune the other fields but the important one are the 'Every' option and the Limit 'Occurrences to..

DAILY ANNUITY BILLING RENTAL CONFIGURATION CONTRACT.docx

Kind Regards

Bennie 

Good Morning Bennie

Thank you 

My pleasure, Moe!