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  1. Recurring Spend
  • July 27, 2023 19:30
  • Updated

Recurring Spend Management

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  • recurring order billing date

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What is Recurring Spend? 

Procurify allows you to track and manage recurring spending, e.g. software subscriptions and services. 

How does it work? 

Requesting Recurring Spend

For recurring order items, select:

  • The billing date
  • How often it repeats
  • The duration of the recurring expense

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Approving Recurring Spend

Approve the full amount of the expense and let Procurify do the rest. Recurring order items display how the expense is billed over time and tie back to the owner for future reference.

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Accurate budget tracking

Recurring items are allocated appropriately in Procurify’s real-time budgets, so you can see what’s committed for each Budget before payment processing. 

This feature is ideal for recurring order items that are billed on the same date of the month or year for the same amount. For other scenarios, see Blanket Purchase Order Item Overview

 

Recurring items ready for invoice processing

Purchase orders with recurring order items will be auto-received and generated in the Accounts Payable module for each billing date for the duration of the purchased spending. For example, a $1,000 recurring order item billed monthly will generate one unbilled item in the Accounts Payable module for each billing date of the month. Each bill created with a recurring unbilled item ties back to the purchase order and updates the budget tracking accordingly.

 

Related Articles 

How to Create a Recurring Spend Request

FAQ Recurring Spend

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