A recurring gift is a set amount of revenue donated at specified intervals. Recurring gifts are similar to pledges paid in installments in that a constituent agrees to contribute a certain amount over an extended period of time.
Note: You cannot post a recurring gift to the general ledger or receipt a recurring gift because a recurring gift does not represent realized revenue. However, you can post and receipt payments for a recurring gift.
Recurring gifts do not require a fixed end date. After you create the recurring gift record, you can apply payments each time your organization receives the revenue.
Note: To add a recurring gift from the record of the constituent from whom you receive the transaction, click Add recurring gift under Tasks.