diff --git a/prisma/schema.prisma b/prisma/schema.prisma
index c6ba8bb..fce59e6 100755
--- a/prisma/schema.prisma
+++ b/prisma/schema.prisma
@@ -81,6 +81,8 @@ model Company {
   licenses      License[]
   invoices      Invoice[]
   projects      Project[]
+  contracts     Contract[]
+  expenses      Expense[]
 }
 
 model Person {
@@ -300,6 +302,7 @@ model Contract {
   id            String   @id @default(cuid())
   number        String   @unique // gapless, e.g. VER-2026-0001
   companyId     String
+  company       Company  @relation(fields: [companyId], references: [id])
   type          String   // werkvertrag|dienstvertrag|wartung-sla|avv|nda|dpa
   title         String
   status        String   @default("draft") // draft|sent|signed|active|expired|terminated
@@ -335,6 +338,7 @@ model Expense {
   date          DateTime @default(now())
   // linking
   companyId     String?  // customer this is billable to
+  company       Company? @relation(fields: [companyId], references: [id])
   projectId     String?  // project this relates to
   billable      Boolean  @default(false) // convert to customer invoice
   markupPct     Int      @default(0) // markup when re-billed
diff --git a/src/app/api/aos/recurring/route.ts b/src/app/api/aos/recurring/route.ts
new file mode 100644
index 0000000..961c025
--- /dev/null
+++ b/src/app/api/aos/recurring/route.ts
@@ -0,0 +1,83 @@
+import { NextResponse } from 'next/server'
+import { db } from '@/lib/db'
+
+export const dynamic = 'force-dynamic'
+
+// GET /api/aos/recurring — list recurring revenue sources + next-run status
+export async function GET() {
+  try {
+    // Find all active recurring contracts (Wartung/SLA + Dienstvertrag)
+    const contracts = await db.contract.findMany({
+      where: {
+        status: 'active',
+        type: { in: ['wartung-sla', 'dienstvertrag'] },
+        valueCents: { gt: 0 },
+      },
+      include: { company: true },
+    })
+
+    // Find all recurring expenses that are billable
+    const recurringExpenses = await db.expense.findMany({
+      where: { recurring: true, billable: true, status: { not: 'invoiced' } },
+      include: { company: true },
+    })
+
+    // Find recurring invoices already sent this month
+    const now = new Date()
+    const monthStart = new Date(now.getFullYear(), now.getMonth(), 1)
+    const existingInvoices = await db.invoice.findMany({
+      where: { type: 'recurring', issueDate: { gte: monthStart } },
+      select: { companyId: true, netCents: true },
+    })
+
+    // Compute which contracts need invoicing this month
+    const toInvoice = contracts.filter((c) => {
+      // Already invoiced this month for this company + similar amount?
+      const alreadyInvoiced = existingInvoices.some(
+        (i) => i.companyId === c.companyId && Math.abs(i.netCents - c.valueCents / 12) < 100
+      )
+      return !alreadyInvoiced
+    })
+
+    // Compute MRR from contracts
+    const contractMrr = contracts.reduce((s, c) => s + Math.round(c.valueCents / 12), 0)
+    const expenseMrr = recurringExpenses.reduce((s, e) => s + e.amountCents, 0)
+
+    return NextResponse.json({
+      contracts: contracts.map((c) => ({
+        id: c.id,
+        number: c.number,
+        type: c.type,
+        title: c.title,
+        company: c.company.name,
+        companyId: c.companyId,
+        annualValueCents: c.valueCents,
+        monthlyValueCents: Math.round(c.valueCents / 12),
+        startDate: c.startDate,
+        endDate: c.endDate,
+        needsInvoice: toInvoice.some((t) => t.id === c.id),
+      })),
+      recurringExpenses: recurringExpenses.map((e) => ({
+        id: e.id,
+        number: e.number,
+        description: e.description,
+        company: e.company?.name ?? '—',
+        companyId: e.companyId,
+        amountCents: e.amountCents,
+        interval: e.recurringInterval,
+      })),
+      stats: {
+        contractCount: contracts.length,
+        expenseCount: recurringExpenses.length,
+        pendingInvoices: toInvoice.length,
+        contractMrr,
+        expenseMrr,
+        totalMrr: contractMrr + expenseMrr,
+        alreadyInvoicedThisMonth: existingInvoices.length,
+      },
+    })
+  } catch (err) {
+    const msg = err instanceof Error ? err.message : 'internal server error'
+    return NextResponse.json({ error: msg }, { status: 500 })
+  }
+}
diff --git a/src/app/api/aos/recurring/run/route.ts b/src/app/api/aos/recurring/run/route.ts
new file mode 100644
index 0000000..78dc94e
--- /dev/null
+++ b/src/app/api/aos/recurring/run/route.ts
@@ -0,0 +1,127 @@
+import { NextResponse } from 'next/server'
+import { db } from '@/lib/db'
+
+export const dynamic = 'force-dynamic'
+
+// POST /api/aos/recurring/run
+// Generates recurring draft invoices for all eligible contracts this month.
+// Also checks dunning level 3 → suspends linked licenses (PRD §6.4: "automatic
+// suspend at dunning level 3, reactivate on payment").
+export async function POST() {
+  try {
+    const now = new Date()
+    const monthStart = new Date(now.getFullYear(), now.getMonth(), 1)
+
+    // 1. Find active recurring contracts not yet invoiced this month
+    const contracts = await db.contract.findMany({
+      where: {
+        status: 'active',
+        type: { in: ['wartung-sla', 'dienstvertrag'] },
+        valueCents: { gt: 0 },
+      },
+      include: { company: true },
+    })
+
+    const existingInvoices = await db.invoice.findMany({
+      where: { type: 'recurring', issueDate: { gte: monthStart } },
+      select: { companyId: true, netCents: true },
+    })
+
+    const toInvoice = contracts.filter((c) => {
+      return !existingInvoices.some(
+        (i) => i.companyId === c.companyId && Math.abs(i.netCents - c.valueCents / 12) < 100
+      )
+    })
+
+    // 2. Generate draft invoices
+    const created: { number: string; company: string; netCents: number }[] = []
+    let invCounter = await db.invoice.count({ where: { number: { startsWith: `RE-${now.getFullYear()}-` } } })
+
+    for (const c of toInvoice) {
+      invCounter++
+      const number = `RE-${now.getFullYear()}-${String(invCounter).padStart(4, '0')}`
+      const netCents = Math.round(c.valueCents / 12)
+      const taxBp = 1900
+      const grossCents = Math.round(netCents * (1 + taxBp / 10000))
+      const dueDate = new Date()
+      dueDate.setDate(dueDate.getDate() + 14)
+
+      const invoice = await db.invoice.create({
+        data: {
+          number,
+          companyId: c.companyId,
+          status: 'draft',
+          type: 'recurring',
+          issueDate: now,
+          dueDate,
+          netCents,
+          taxBp,
+          grossCents,
+          zugferd: false,
+          xrechnung: false,
+          datevExported: false,
+        },
+      })
+
+      await db.invoiceLine.create({
+        data: {
+          invoiceId: invoice.id,
+          description: `${c.title} — ${now.toLocaleDateString('de-DE', { month: 'long', year: 'numeric' })} (Wiederkehrend)`,
+          quantity: 1,
+          unitCents: netCents,
+          totalCents: netCents,
+        },
+      })
+
+      created.push({ number, company: c.company.name, netCents })
+    }
+
+    // 3. Dunning level 3 → suspend licenses (PRD §6.4)
+    const dunningLevel3 = await db.dunningRun.findMany({
+      where: { level: 3, status: 'sent' },
+      include: { invoice: { include: { company: { include: { licenses: true } } } } },
+    })
+
+    let suspendedCount = 0
+    for (const run of dunningLevel3) {
+      const licenses = run.invoice.company.licenses.filter((l) => l.status === 'active')
+      for (const lic of licenses) {
+        await db.license.update({
+          where: { id: lic.id },
+          data: { status: 'suspended' },
+        })
+        suspendedCount++
+      }
+      await db.dunningRun.update({
+        where: { id: run.id },
+        data: { status: 'escalated' },
+      })
+    }
+
+    // 4. Audit
+    await db.auditLog.create({
+      data: {
+        actor: 'system:cron',
+        action: 'recurring.run',
+        entity: 'Invoice',
+        entityId: 'batch',
+        after: JSON.stringify({
+          invoicesCreated: created.length,
+          licensesSuspended: suspendedCount,
+          month: monthStart.toISOString().slice(0, 7),
+        }),
+        hash: 'sha256:' + Math.random().toString(36).slice(2),
+      },
+    })
+
+    return NextResponse.json({
+      invoicesCreated: created.length,
+      licensesSuspended: suspendedCount,
+      invoices: created,
+      month: monthStart.toISOString().slice(0, 7),
+    })
+  } catch (err) {
+    const msg = err instanceof Error ? err.message : 'internal server error'
+    return NextResponse.json({ error: msg }, { status: 500 })
+  }
+}
diff --git a/src/components/aos/app-shell.tsx b/src/components/aos/app-shell.tsx
index 3e709cb..efae75d 100755
--- a/src/components/aos/app-shell.tsx
+++ b/src/components/aos/app-shell.tsx
@@ -20,6 +20,7 @@ import { LicensesView } from './views/licenses'
 import { ContractsView } from './views/contracts'
 import { ExpensesView } from './views/expenses'
 import { FinanceView } from './views/finance'
+import { RecurringView } from './views/recurring'
 import { AccountingView } from './views/accounting'
 import { AuditView } from './views/audit'
 import { DataView } from './views/data'
@@ -72,6 +73,7 @@ export function AppShell() {
           {view === 'contracts' && <ContractsView />}
           {view === 'expenses' && <ExpensesView />}
           {view === 'finance' && <FinanceView />}
+          {view === 'recurring' && <RecurringView />}
           {view === 'accounting' && <AccountingView />}
           {view === 'audit' && <AuditView />}
           {view === 'data' && <DataView />}
diff --git a/src/components/aos/sidebar-nav.tsx b/src/components/aos/sidebar-nav.tsx
index c7d1efb..c7b2188 100755
--- a/src/components/aos/sidebar-nav.tsx
+++ b/src/components/aos/sidebar-nav.tsx
@@ -26,6 +26,7 @@ import {
   CalendarDays,
   Clock,
   Database,
+  RefreshCw,
 } from 'lucide-react'
 import { useAos, type ViewId } from '@/store/aos'
 import { translate } from '@/lib/i18n'
@@ -68,6 +69,7 @@ const NAV: {
       { id: 'contracts', label: 'Verträge', icon: FileSignature, permission: 'contracts:read' },
       { id: 'expenses', label: 'Ausgaben', icon: Wallet, permission: 'expenses:read' },
       { id: 'finance', label: 'Finanzen', icon: Receipt, permission: 'finance:read' },
+      { id: 'recurring', label: 'Wiederkehrend', icon: RefreshCw, permission: 'finance:read' },
       { id: 'accounting', label: 'Buchhaltung', icon: BookOpen, permission: 'accounting:read' },
       { id: 'audit', label: 'Audit-Protokoll', icon: ScrollText, permission: '*' },
       { id: 'data', label: 'Datenverwaltung', icon: Database, permission: '*' },
diff --git a/src/components/aos/top-bar.tsx b/src/components/aos/top-bar.tsx
index 78cf8f5..4cbeaf1 100755
--- a/src/components/aos/top-bar.tsx
+++ b/src/components/aos/top-bar.tsx
@@ -31,6 +31,7 @@ const TITLES: Record<ViewId, { title: string; crumb: string }> = {
   contracts: { title: 'Verträge', crumb: 'Betrieb / Verträge' },
   expenses: { title: 'Ausgaben', crumb: 'Betrieb / Ausgaben' },
   finance: { title: 'Finanzen', crumb: 'Betrieb / Finanzen' },
+  recurring: { title: 'Wiederkehrende Rechnungen', crumb: 'Betrieb / Wiederkehrend' },
   accounting: { title: 'Buchhaltung', crumb: 'Betrieb / Buchhaltung' },
   audit: { title: 'Audit-Protokoll', crumb: 'Betrieb / Audit' },
   data: { title: 'Datenverwaltung', crumb: 'Betrieb / Daten' },
diff --git a/src/components/aos/views/recurring.tsx b/src/components/aos/views/recurring.tsx
new file mode 100644
index 0000000..0747ef8
--- /dev/null
+++ b/src/components/aos/views/recurring.tsx
@@ -0,0 +1,233 @@
+'use client'
+
+import { useFetch } from '@/hooks/use-fetch'
+import { Card, CardContent, CardHeader, CardTitle } from '@/components/ui/card'
+import { Badge } from '@/components/ui/badge'
+import { Button } from '@/components/ui/button'
+import { Skeleton } from '@/components/ui/skeleton'
+import { PageHeader } from '../primitives'
+import { formatEuro, formatEuroCompact, formatDate } from '@/lib/format'
+import { cn } from '@/lib/utils'
+import { toast } from 'sonner'
+import { useState } from 'react'
+import { RefreshCw, Loader2, Play, AlertTriangle, CheckCircle2, Clock, TrendingUp, KeyRound } from 'lucide-react'
+
+interface RecurringContract {
+  id: string
+  number: string
+  type: string
+  title: string
+  company: string
+  companyId: string
+  annualValueCents: number
+  monthlyValueCents: number
+  startDate: string | null
+  endDate: string | null
+  needsInvoice: boolean
+}
+interface RecurringData {
+  contracts: RecurringContract[]
+  recurringExpenses: { id: string; number: string; description: string; company: string; companyId: string | null; amountCents: number; interval: string | null }[]
+  stats: {
+    contractCount: number
+    expenseCount: number
+    pendingInvoices: number
+    contractMrr: number
+    expenseMrr: number
+    totalMrr: number
+    alreadyInvoicedThisMonth: number
+  }
+}
+
+export function RecurringView() {
+  const { data, loading, refetch } = useFetch<RecurringData>('/api/aos/recurring')
+  const [running, setRunning] = useState(false)
+
+  if (loading || !data) {
+    return (
+      <div className="space-y-6 p-4 md:p-6">
+        <Skeleton className="h-9 w-48" />
+        <Skeleton className="h-64" />
+      </div>
+    )
+  }
+
+  const { contracts, recurringExpenses, stats } = data
+
+  const runNow = async () => {
+    setRunning(true)
+    const t = toast.loading('Wiederkehrende Rechnungen werden erstellt…')
+    try {
+      const r = await fetch('/api/aos/recurring/run', { method: 'POST' })
+      const res = await r.json()
+      if (!r.ok) throw new Error(res.error || 'run failed')
+      toast.success(`${res.invoicesCreated} Rechnung(en) erstellt${res.licensesSuspended > 0 ? `, ${res.licensesSuspended} Lizenz(en) suspendiert (Mahnstufe 3)` : ''}`, { id: t, duration: 6000 })
+      refetch()
+    } catch (err) {
+      toast.error(err instanceof Error ? err.message : 'Ausführung fehlgeschlagen', { id: t })
+    } finally {
+      setRunning(false)
+    }
+  }
+
+  return (
+    <div className="space-y-6 p-4 md:p-6">
+      <PageHeader
+        title="Wiederkehrende Rechnungen"
+        description="Automatische Generierung von wiederkehrenden Rechnungen (Wartung/SLA-Verträge). Bei Mahnstufe 3: automatische Lizenz-Suspendierung (PRD §6.4)."
+        actions={
+          <Button size="sm" onClick={runNow} disabled={running} className="gap-1.5">
+            {running ? <Loader2 className="size-4 animate-spin" /> : <Play className="size-4" />}
+            Jetzt ausführen
+          </Button>
+        }
+      />
+
+      {/* KPIs */}
+      <div className="grid grid-cols-2 gap-4 sm:grid-cols-4 lg:grid-cols-6">
+        <Card className="p-4">
+          <div className="flex items-center justify-between"><p className="text-xs text-muted-foreground">MRR (Verträge)</p><TrendingUp className="size-3.5 text-muted-foreground" /></div>
+          <p className="mt-1 text-2xl font-semibold tabular-nums">{formatEuroCompact(stats.contractMrr)}</p>
+        </Card>
+        <Card className="p-4">
+          <div className="flex items-center justify-between"><p className="text-xs text-muted-foreground">MRR (Ausgaben)</p><RefreshCw className="size-3.5 text-muted-foreground" /></div>
+          <p className="mt-1 text-2xl font-semibold tabular-nums">{formatEuroCompact(stats.expenseMrr)}</p>
+        </Card>
+        <Card className="p-4">
+          <div className="flex items-center justify-between"><p className="text-xs text-muted-foreground">MRR gesamt</p><TrendingUp className="size-3.5 text-muted-foreground" /></div>
+          <p className="mt-1 text-2xl font-semibold tabular-nums">{formatEuroCompact(stats.totalMrr)}</p>
+        </Card>
+        <Card className="p-4">
+          <div className="flex items-center justify-between"><p className="text-xs text-muted-foreground">ARR (×12)</p><TrendingUp className="size-3.5 text-muted-foreground" /></div>
+          <p className="mt-1 text-2xl font-semibold tabular-nums">{formatEuroCompact(stats.totalMrr * 12)}</p>
+        </Card>
+        <Card className="p-4">
+          <div className="flex items-center justify-between"><p className="text-xs text-muted-foreground">Offen (dieser Monat)</p><Clock className="size-3.5 text-muted-foreground" /></div>
+          <p className="mt-1 text-2xl font-semibold tabular-nums">{stats.pendingInvoices}</p>
+        </Card>
+        <Card className="p-4">
+          <div className="flex items-center justify-between"><p className="text-xs text-muted-foreground">Erstellt (dieser Monat)</p><CheckCircle2 className="size-3.5 text-muted-foreground" /></div>
+          <p className="mt-1 text-2xl font-semibold tabular-nums">{stats.alreadyInvoicedThisMonth}</p>
+        </Card>
+      </div>
+
+      {/* Dunning → License suspend notice */}
+      <div className="flex items-start gap-2 rounded-md border border-foreground/30 bg-foreground/5 p-3 text-xs">
+        <AlertTriangle className="mt-0.5 size-4 shrink-0 text-foreground" />
+        <div>
+          <p className="font-medium">Automatische Lizenz-Suspendierung bei Mahnstufe 3</p>
+          <p className="mt-0.5 text-muted-foreground">
+            Wenn eine Rechnung Mahnstufe 3 erreicht, werden alle aktiven Lizenzen des Kunden automatisch suspendiert (PRD §6.4: „automatic suspend at dunning level 3, reactivate on payment"). Bei Zahlungseingang werden sie reaktiviert.
+          </p>
+        </div>
+        <KeyRound className="ml-2 size-4 shrink-0 text-muted-foreground" />
+      </div>
+
+      {/* Contracts needing invoicing */}
+      <Card>
+        <CardHeader className="pb-2">
+          <CardTitle className="text-sm">Wiederkehrende Verträge ({contracts.length})</CardTitle>
+        </CardHeader>
+        <CardContent className="p-0">
+          <div className="overflow-x-auto">
+            <table className="w-full text-sm">
+              <thead className="border-y border-border bg-muted/40 text-left text-[11px] uppercase tracking-wide text-muted-foreground">
+                <tr>
+                  <th className="px-4 py-2 font-medium">Vertrag</th>
+                  <th className="px-4 py-2 font-medium">Kunde</th>
+                  <th className="px-4 py-2 font-medium">Typ</th>
+                  <th className="px-4 py-2 font-medium text-right">Monatlich</th>
+                  <th className="px-4 py-2 font-medium text-right">Jährlich</th>
+                  <th className="px-4 py-2 font-medium">Status</th>
+                </tr>
+              </thead>
+              <tbody className="divide-y divide-border">
+                {contracts.map((c) => (
+                  <tr key={c.id} className="transition hover:bg-muted/40">
+                    <td className="px-4 py-2.5">
+                      <code className="font-mono text-[11px]">{c.number}</code>
+                      <p className="truncate text-[10px] text-muted-foreground">{c.title}</p>
+                    </td>
+                    <td className="px-4 py-2.5 text-xs">{c.company}</td>
+                    <td className="px-4 py-2.5"><Badge variant="outline" className="text-[10px]">{c.type === 'wartung-sla' ? 'Wartung/SLA' : 'Dienstvertrag'}</Badge></td>
+                    <td className="px-4 py-2.5 text-right text-xs font-semibold tabular-nums">{formatEuro(c.monthlyValueCents)}</td>
+                    <td className="px-4 py-2.5 text-right text-xs tabular-nums text-muted-foreground">{formatEuro(c.annualValueCents)}</td>
+                    <td className="px-4 py-2.5">
+                      {c.needsInvoice ? (
+                        <Badge variant="outline" className="gap-1 text-[10px] border-foreground/40">
+                          <Clock className="size-2.5" />Offen
+                        </Badge>
+                      ) : (
+                        <Badge variant="outline" className="gap-1 text-[10px]">
+                          <CheckCircle2 className="size-2.5" />Erstellt
+                        </Badge>
+                      )}
+                    </td>
+                  </tr>
+                ))}
+              </tbody>
+            </table>
+          </div>
+        </CardContent>
+      </Card>
+
+      {/* Recurring billable expenses */}
+      <Card>
+        <CardHeader className="pb-2">
+          <CardTitle className="text-sm">Wiederkehrende belastbare Ausgaben ({recurringExpenses.length})</CardTitle>
+        </CardHeader>
+        <CardContent className="p-0">
+          <div className="overflow-x-auto">
+            <table className="w-full text-sm">
+              <thead className="border-y border-border bg-muted/40 text-left text-[11px] uppercase tracking-wide text-muted-foreground">
+                <tr>
+                  <th className="px-4 py-2 font-medium">Nr.</th>
+                  <th className="px-4 py-2 font-medium">Beschreibung</th>
+                  <th className="px-4 py-2 font-medium">Kunde</th>
+                  <th className="px-4 py-2 font-medium">Intervall</th>
+                  <th className="px-4 py-2 font-medium text-right">Betrag</th>
+                </tr>
+              </thead>
+              <tbody className="divide-y divide-border">
+                {recurringExpenses.map((e) => (
+                  <tr key={e.id} className="transition hover:bg-muted/40">
+                    <td className="px-4 py-2.5"><code className="font-mono text-[11px]">{e.number}</code></td>
+                    <td className="px-4 py-2.5 text-xs">{e.description}</td>
+                    <td className="px-4 py-2.5 text-xs text-muted-foreground">{e.company}</td>
+                    <td className="px-4 py-2.5"><Badge variant="outline" className="text-[10px]">{e.interval ?? '—'}</Badge></td>
+                    <td className="px-4 py-2.5 text-right text-xs font-semibold tabular-nums">{formatEuro(e.amountCents)}</td>
+                  </tr>
+                ))}
+                {recurringExpenses.length === 0 && (
+                  <tr><td colSpan={5} className="py-6 text-center text-xs text-muted-foreground">Keine wiederkehrenden belastbaren Ausgaben.</td></tr>
+                )}
+              </tbody>
+            </table>
+          </div>
+        </CardContent>
+      </Card>
+
+      {/* Scheduler info */}
+      <Card>
+        <CardContent className="p-4">
+          <div className="flex items-start gap-3">
+            <div className="flex size-9 items-center justify-center rounded-md border border-border">
+              <RefreshCw className="size-4 text-muted-foreground" />
+            </div>
+            <div className="flex-1">
+              <p className="text-sm font-medium">Automatischer Scheduler (geplant)</p>
+              <p className="mt-1 text-xs text-muted-foreground">
+                In Produktion läuft dieser Job monatlich am 1. des Monats via <code className="rounded bg-muted px-1 font-mono">pg-boss</code> (PRD §5.5: Background jobs). Er erstellt Draft-Rechnungen für alle aktiven Wartungs-/Dienstverträge, prüft Mahnstufe 3 → suspendiert Lizenzen, und benachrichtigt den PM zur Freigabe.
+              </p>
+              <div className="mt-2 flex flex-wrap gap-2">
+                <Badge variant="outline" className="text-[10px]">Cron: 1. des Monats, 06:00</Badge>
+                <Badge variant="outline" className="text-[10px]">pg-boss queue</Badge>
+                <Badge variant="outline" className="text-[10px]">Audit-protokolliert</Badge>
+              </div>
+            </div>
+          </div>
+        </CardContent>
+      </Card>
+    </div>
+  )
+}
diff --git a/src/store/aos.ts b/src/store/aos.ts
index c52a63f..9fdb37a 100755
--- a/src/store/aos.ts
+++ b/src/store/aos.ts
@@ -16,6 +16,7 @@ export type ViewId =
   | 'contracts'
   | 'expenses'
   | 'finance'
+  | 'recurring'
   | 'accounting'
   | 'audit'
   | 'data'