You can deactivate a recurring invoice template and stop it from generating invoices, without actually deleting the template.
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Go to Partner Center > Businesses > Accounts > choose account > Invoices > Recurring Invoices, then select the recurring invoice template you like to stop.
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On the right-hand panel, you will see an 'Active' toggle; turn it off and this action will stop more invoices from generating.
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Then click Save.