Recurring Payment Type

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This Recurring Payment Type document defines different types of recurring payments that can be established for a purchase order. Examples might include 'Fixed Schedule, Fixed Payment' or 'Fixed Schedule, Variable Amount.

The Recurring Payment Type document includes the Edit Recurring Payment Type tab. The system automatically enters data into both the Old and New sections in this tab. Selected data fields are available for editing.

Edit Recurring Payment Type tab definition

Title

Description

Recurring Payment Type Code

The code to identify this recurring payment type.

Recurring Payment Type Description

Required. The description of this recurring payment type.

Active Indicator

Indicates whether this recurring payment type code is active or inactive. Remove the check mark to deactivate this code.

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