The invoice frequency period indicates how often you normally pay a particular supplier and is used when recurring invoices are generated. The following codes are valid:
| Code | Description |
|---|---|
| *WEEKLY | Weekly |
| *2WEEKS | Every two weeks |
| *TWICEMON | Twice a month |
| *MONTHLY | Monthly |
| *2MONTHS | Every two months |
| *QUARTERLY | Quarterly |
| *TWICEYEAR | Twice a year |
| *YEARLY | Yearly |
Example:
- If daily invoices are required, a *WEEKLY schedule should be defined for each day of the week. Then, the first invoice date in conjunction with the invoice frequency will be used to determine the invoice dates for all subsequent recurring invoices.
- If *WEEKLY is selected, invoice payments will be seven days apart based on the first invoice date entered.
- If *2WEEKS is selected, invoice payments will be 14 days apart.
- If *MONTHLY is selected, invoice payments will be one calendar month apart, etc.
- *TWICEMON will, however, be used in conjunction with the Interval, days value.
Note: No special processing is performed when an invoice date or the associated invoice due date falls on a non-working day, i.e. weekend, public holidays, etc.