Recurring Billing

ShawnMcleanShawnMclean Member Posts: 2

Is there any priority given to recurring billing? Any ETA on this feature? I'm currently down to wave and freshbooks in my evaluation. The only thing holding me back from wave is the recurring billing feature.

Comments

  • MyronMyron Administrator Posts: 143 admin

    Hi @ShawnMclean , welcome to the Wave community! All Wave users can create recurring invoices under Sales > Recurring Invoices to automatically create and/or deliver invoices to customers on a prearranged schedule. Automatic payments for recurring invoices is available to users with an active Payments by Wave. If you are in a Payments by Wave supported country, you will see the option Payments or Credit Card Payments under the Sales tab in the left hand menu.

  • ShawnMcleanShawnMclean Member Posts: 2

    Hi, thanks for your response. I see that option, what I'm looking for is on the expense side. Recurring expenses, wave refers to some expenses as Bills. For eg. a monthly internet bill.

  • MyronMyron Administrator Posts: 143 admin

    @ShawnMclean , thanks so much for the clarification! I apologize for the misunderstanding. I'm afraid that recurring bills for expenses and purchases is not something that we are currently working on. As an alternative solution, manually duplicating existing bills when needed may serve to meet your needs. To duplicate an existing bill, go to Purchases > Bills and click the downwards arrow button to the right of the desired bill and click Duplicate. Once duplicated, you can edit the duplicated bill to make any necessary changes. I'd love to hear a bit more from you regarding how a recurring bills feature would simplify your workflow. Any comments that you are able to share here will contribute to the bank of use cases that our Product Teams can draw upon when planning out what to build next in Wave.

    edited August 8, 2019
  • SkirtRackSkirtRack Member Posts: 1

    Recurring bills would simplify my workflow. If I have 10 recurring bills, each month I need to duplicate and edit 10 bills. That's 120 bills per year. That's wasted time. I could set it up once at the beginning of the year and that's it.

    Screenshot from Freshbooks attached

    edited August 13, 2019
  • BarsinABarsinA Administrator Posts: 260 admin

    Hey @SkirtRack

    Thanks for reaching out about this. Our developers are aware of this feature request and I appreciate the attached image in your last post. We know that Wave has its limitations, but we still strive to reach out and understand the needs of our users. Take care.

    edited August 13, 2019
  • cvtancvtan Member Posts: 4

    Hi,

    So I just want to add another voice in here so that hopefully you can add this feature. I've seen the previous board with a lot of requests but it was closed already.

    I am a previous developer turned entrepreneur, and I understand about project milestones and timelines that you currently have. But I am really hoping that someone in your team is pushing hard to make a case that this feature is really needed by your users, and that superiors can see the need as well. As a newbie entrepreneur, the recurring bill feature would really help me track my business expenses. :smile:

    Thanks,
    CV

  • ChelseaKChelseaK Administrator Posts: 241 admin

    @cvtan First of all, congrats on navigating the entrepreneurial world! Welcome :)

    Thank you for weighing in on this and sharing that this would be important for you! The more feature requests we get, the more we prioritize it so thanks for communicating with us on this.

  • prlprl Member Posts: 3

    I've been following this request topic and it's a very popular one already! Logically this basic feature would not need this amount of prioritizing. Wave aims to simplify accounting but without this feature, there is nothing simple about handling my recurring monthly expenses.

  • TraekTraek Member Posts: 5

    This is something I think is essential to any good bookkeeper (especially when you're also the CEO, receptionist and janitor to boot!). This is critical for cashflow planning.

  • mclunepivotmclunepivot Member Posts: 5

    I know there have been other threads on this topic of recurring billing. Many Wavers have asked for this feature, so I will continue to contribute to the need. Every business has recurring expenses whether it be utilities, rent, insurance, phone, internet ordering supplies, inventory. The list could go on. It would be simpler if Wave could automate the creation of the same recurring bill, just like in recurring invoices. Wave is about saving time, so I hope recurring billing is of high priority for Wave to offer what other accounting tools already offer.

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