How to Stop Recurring Invoices in QuickBooks Online?

by Lex Will SEO

QuickBooks Online is a powerful tool that allows small business owners to manage their finances with ease. One of the many features of QuickBooks Online is the ability to set up recurring invoices, which can save you time and help you stay on top of your accounts receivable. However, there may be times when you need to stop recurring invoices in QuickBooks Online. In this article, we will discuss the benefits of recurring invoices, the use case for recurring invoices, how to stop recurring invoices and other important details.

Benefits of Recurring Invoices in QuickBooks Online

Recurring invoices can be a huge time saver for small business owners. Instead of creating a new invoice every month, you can set up a recurring invoice and let QuickBooks Online do the work for you. This means that you can focus on other important aspects of your business, such as customer service, marketing, or product development. Recurring invoices also help to ensure that you get paid on time, as they can be set up to automatically send reminders to your customers.

Use Case for Recurring Invoices in QuickBooks Online

Recurring invoices are particularly useful for businesses that offer ongoing services or products. For example, if you run a subscription-based business, you can set up recurring invoices to bill your customers on a regular basis. This can include services such as web hosting, software subscriptions, or membership fees. Recurring invoices can also be useful for businesses that offer ongoing maintenance services, such as landscaping or cleaning services.

How to Stop Recurring Invoices in QuickBooks Online

If you need to stop a recurring invoice in QuickBooks Online, the process is straightforward. Here are the steps to follow:

Log in to your QuickBooks Online account.
Click on the Gear icon in the top right corner of the screen, and then select "Recurring Transactions".
Find the recurring invoice that you want to stop, and click on the "Edit" button next to it.
In the "Scheduled Transactions" section, click on the "Edit" button next to the next invoice date.
Change the "Next Date" to a date in the past. This will prevent the invoice from being generated in the future.
Click "Save" to update the recurring invoice.

Other Important Details

It's worth noting that stopping a recurring invoice in QuickBooks Online will not delete any previous invoices that have been generated. If you need to cancel a previously generated invoice, you will need to do so manually. You can also choose to delete a recurring invoice entirely if you no longer need it. To do this, simply go to the "Recurring Transactions" screen, find the invoice you want to delete, and click on the "Delete" button next to it.

In conclusion,

Recurring invoices can be a powerful tool for small business owners, but there may be times when you need to stop them. By following the steps outlined in this article, you can quickly and easily stop recurring invoices in QuickBooks Online. Whether you need to cancel a subscription or simply adjust your billing cycle, stopping recurring invoices can help you stay on top of your finances and keep your business running smoothly.

Reference: https://www.linkedin.com/pulse/how-stop-recurring-invoices-quickbooks-online-dancing-numbers/