Recurring gifts are similar to pledges paid in installments because a constituent agrees to donate a specific amount to your organization over time. For example, Lana Adamson gives $20 to your organization every month with an automatic transfer from her direct debit account. You can create a recurring gift record for this revenue and create a new payment every month when Lana makes her donation.
Once you create a recurring gift record and the constituent begins to donate gifts or pay for sponsorships according to a schedule, you must create a payment for each recurring gift transaction. You can generate transactions for recurring gifts in several ways. You can create a new payment and apply it to the recurring gift or use direct debit or a credit card to automatically generate payments from the recurring gift record.