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Setting up recurring payments

Aneesah Ahamed avatar
Written by Aneesah Ahamed
Updated over 2 weeks ago

Automate repeated vendor payments with Settle’s Recurring Payments feature. Whether you're paying contractors, rent, or subscriptions—save time and reduce manual work by scheduling consistent payments ahead of time.


What are recurring payments?

Recurring payments allow you to automatically schedule repeated payments to the same vendor at regular intervals. This is perfect for:

  • Monthly contractor payments

  • Rent and lease payments

  • Subscription services

  • Regular supplier payments

  • Any predictable, repeated expense


Setting up recurring payments

Step 1: Start a New Payment

  1. Navigate to the Payments section in your left-hand navigation

  2. Click Make Payment to open the payment dialog

  3. Select your vendor and enter payment details as usual

Step 2: Configure Recurring Schedule

  1. In the payment dialog, look for the recurring payments option

  2. Enable recurring payments by checking the Set up as recurring checkbox

  3. Choose your payment frequency:

    • Weekly - Every 7 days

    • Bi-weekly - Every 14 days

    • Monthly - Same date each month

    • Bi-monthly - Every two months

Step 3: Set Schedule Details

  • Start date: When the first payment should be processed

  • End date: Choose when to stop the recurring payments (optional - you can set no end date)

  • Payment amount: The amount for each recurring payment

  • Timeline preview: Review the schedule of all upcoming payments

Step 4: Review and Confirm

  1. Review the estimated processing timeline for each payment

  2. Ensure your approval rules are configured correctly

  3. Click Schedule to activate your recurring payment series


Managing your recurring payments

Viewing recurring payment schedules

  • Go to the Payments page to see all your scheduled recurring payments

  • Each payment in the series will show its individual status and timing

  • Use filters to view only recurring payments if needed

Making changes to recurring payments

You can easily modify your recurring payment schedule:

  • Update payment details: Change amount, vendor information, or payment method for future payments

  • Cancel entire series: Stop all future payments in the recurring schedule

  • Skip individual payments: Cancel specific payments while keeping the series active

All changes can be made from the payment details page with batch management options.


Important notes

Approval workflows

  • Each recurring payment follows your existing approval rules

  • Approvals are triggered when each individual payment date arrives

  • The first payment requires immediate approval, while future payments will be sent for approval on their scheduled dates

Payment methods

  • Recurring payments support ACH, wire transfers, and paper checks

  • International payments in USD or foreign currency are supported

  • Processing times follow the same timelines as regular payments

Accounting integration

  • Each recurring payment creates a separate invoice entry (if desired)

  • Payments sync automatically with your connected accounting software (QuickBooks Online, NetSuite, Xero)

  • Expense categories can be set for consistent categorization


Best practices

  1. Set Clear End Dates: For contractor payments or fixed-term agreements, always set an end date to avoid overpayments

  2. Regular Review: Periodically review your recurring payments to ensure they're still needed and accurate

  3. Vendor Communication: Let your vendors know about the recurring payment schedule so they can expect consistent payments

  4. Account Management: Ensure your payment account has sufficient funds or financing available for upcoming recurring payments


FAQs

What happens if a recurring payment fails?

Failed recurring payments are handled the same way as regular payment failures. You'll receive email notifications and can retry the payment from the Payments page.

Can I change the payment amount for future payments?

Yes, you can update payment details for all future payments in the recurring series through the batch management options.

How do I stop recurring payments?

You can cancel the entire recurring series from the payment details page, which will remove all future scheduled payments.

If you need assistance with setting up or managing recurring payments, contact our support team at support@settle.co

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