A recurring invoice refers to an invoice from a vendor that charges a customer for their goods or services at regular intervals.
Recurring invoices are most commonly associated with cell phone bills, utilities, cleaning services, and maintenance charges, but are utilized for any situation where a company needs to order something at regular intervals.
A recurring invoice provides convenience where the supplier does not have to wait for the customer to pay, or repeatedly request payment information. Similarly, the customer won’t have to repeat the same process of ordering or sending manual payments every month, or however often they need the goods or services.