Recurring Billing

ShawnMcleanShawnMclean Member Posts: 4

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: 4

    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: 553 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: 264 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: 4

    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.

  • Sjr2020Sjr2020 Member Posts: 0
    I have several expenses like office rent that is fixed and goes out monthly I don’t want to have to enter them every month how do I set these so they automatically appear each month
  • EmmaPEmmaP Administrator Posts: 270 admin

    Hi @Sjr2020! I have moved your post so you can see this thread for recurring billing! It looks like you aren't the only one that is interested in this! At the moment we do not have anything in the pipeline for recurring billing in Wave. When we submit feature requests it is helpful to know why this feature would be important to you and your business, and how it would impact your workflow. Any feedback is appreciated!

  • BabetteBabette Member Posts: 1

    I am the Treasurer of a Rotary club and we send the same invoice quarterly to all of our members. I also would like to be able to set this up as a "batch" transaction that I don't need to input each member separately, but just be able to do it to "all" customers (members).

  • TrishaKTrishaK Member Posts: 1

    I'm chiming in with my vote for this feature to be added as well! This would be a great addition to tracking expenses and such a time-saver.

    And thank you for providing a free accounting system with your financial service. As a freelancer who doesn't yet have the budget for other paid programs and pricey packages, I am thrilled with what I have found here at Wave. Looking forward to seeing where your future developments take us!

  • JellyfishChrisJellyfishChris Member Posts: 3
    You can add another vote for an automatic, recurring expense/billing feature from me as well.

    The time I spend manually duplicating a dozen(or so) bills every month is a waste of time.
  • GurishaGurisha Member Posts: 4

    Hello,

    I love that with Wave I can create recurring invoices? How can I create recurring bills to remind me to pay my service providers?

    Thanks

  • GregWGregW Member Posts: 1

    I'm surprised WaveApps has not implemented this extremely basic and required feature for efficient book-keeping. Their ethos regarding saving time seems contradictory to their reluctance to develop this in over a year of being requested by customers.

    WaveApps Accounting looks promising but lacking this simple feature is a major put-off and thus my business will go elsewhere.

  • MisterMister Member Posts: 2

    +1 week. Recurring Bill 109 Amount: Same as last week Category: Same Vendor: Same +1 week. Recurring Bill 108 Amount: Same as last week Category: Same Vendor: Same +1 week. Recurring Bill 107 Amount: Same as last week Category: Same Vendor: Same +1 week. Recurring Bill 106 Amount: Same as last week Category: Same Vendor: Same +1 week. Recurring Bill 105 Amount: Same as last week Category: Same Vendor: Same +1 week. Recurring Bill 104 Amount: Same as last week Category: Same Vendor: Same +1 week. Recurring Bill 103 Amount: Same as last week Category: Same Vendor: Same +1 week. Recurring Bill 102 Amount: Same as last week Category: Same Vendor: Same Recurring Bill 101 Amount: Same as last week Category: Same Vendor: Same
    Click, click, click... this is getting painful x 20 bills a week...

    edited November 5, 2019
  • M_Uppwise_LtdM_Uppwise_Ltd Member Posts: 1

    Hello,
    thanks for the fantastic job done by Wave Team so far. I really enjoy your software.
    But I have to mention here that I fully support the suggestion of thris thread : I desperately need a recurring billing feature to help me not wasting time.
    I would suggest an additional option in the "Add bill" page (accessible from the menu "Bills" -> "Create a Bill"). This option could be named, for example, "Make this bill recurring" and it would allow to set the parameters of the recurring bill :

    • final or provisional (provisions are useful for bills you did'nt received yet but you know you will receive it and eventually you'll have to modify the amount before turning it into a definitive bill)
    • period : monthly, or weekly, or at a fixed date of the month, or every designed day of the month (ex: 6th working day of the month; last friday of the month; every tuesday; etc.)
    • amount
    • end of recurring period

    this would be a great feature to offer, lots of your competitors do it, your product is overall fantastic I can't understand that you still lack this highly useful feature.

    thanks for all anyways
    regards

  • BarsinABarsinA Administrator Posts: 553 admin

    Hey there @M_Uppwise_Ltd

    Thanks so much for this productive feature idea. Our team is well aware of this and are looking into ways we can use the community thread's suggestions for future updates.

  • SannyaSannya Member Posts: 1

    Please add my vote too!
    Such an important feature this is. Having to record the same expense every month/week/period is so time consuming...
    If you added this feature, half the job would be done for me :smile:

  • MuzzlerMuzzler Member Posts: 1
    Hi Wave,
    Love the software, however I would love a recurring bill feature. Most of my recurring bills are paid by direct debit automatically, it would be awesome if Wave could automate recurring billing.
    I was quite surprised that the feature is unavailable. Seems like a fairly basic business requirement in this day and age. Please tell us that you guys are working on something that would save many business owners so much time.
  • tsjworxtsjworx Member Posts: 2

    It would be great if Recurring billing could do two things.
    1. Allow the first month's invoice to be a different amount than the following months. Our first month is typically higher than the following months. Currently, we have to send the initial invoice then set up the following recurring months.
    2. If you could pick the date the invoice is due, then make it notify/remind a custom number of days prior to being due. We like our retainers to be due on the first of each month, but we like to provide a 30 or 15 day reminder that it's coming up.

  • AlexLAlexL Administrator Posts: 1,139 admin

    Hi @Sannya @Muzzler @tsjworx . Thanks for the continued added voices on this feature :smile:

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