Enter your idea

This would be incredibly helpful.

This could also be helpful when you run a tax report based on invoices with cash discount upon payment.
I.e. if you post the cash discount as a payment and don't manually adjust the report you'll pay tax on the gross amount.

I don't use this feature much but I think it would be incredibly useful

This would be so helpful

Having switched from Myob quite a few years ago we have been paying our bookkeeper to manually create and apply settlement discounts to just about every single invoice we pay our suppliers to take advantage of their early payment discounts. Myob has had this feature for years, automatic settlement discounts applied to each supplier and invoice if within the 7-14 day terms. Seems like an easy win for xero to implement, will save us time and money!

This would be incfredibly useful.

Agree. This option needs to be added to the Invoicing templates.

A pay on time discount could save us hours of chasing clients for payment and improve cashflow! Very important!

This is a simple thing that has been available in accounting software since the year dot. It is a time saving tool that also assists to ensure a lesser chance of mistakes being made.

Many of our clients of "Datagate Telecom Billing" around the world (US, UK, AU, NZ) are asking for this feature, but it really needs to be part of the Xero accounting system rather than the (Datagate) telecom billing system. We would be happy to provide further information and context.

Please explain why this cannot or has not been done.
Most definitely should be a basic in any decent package.
What about the VAT implications on doing credit notes?
Bemused at the lack of acceptance and action to this request.

Not sure why this idea page exists. High-upvoted ideas get archived and ignored. Low-voted ideas are taken. Have seen a nearly 400-upvoted idea gets taken down and one with less than 20 votes, gets installed. Not sure how this works, but I am done wasting my time.

Yes I want it too!! its a pain to keep doing this manually for so many of our suppliers!

This is a must have!

Add a discount while in the reconciliation screen. When you go to allocate a payment, but the client has a 5% discount (for example) if they pay in the first 30 days, then you have to go out of that screen and into the invoices page, locate the invoice, click to edit it, add the discount, save it and then reload into the reconciliation page to be able to allocate it. Incredibly time consuming when most of the invoices that come in are to be discounted.

I have just switched over from MYOB and this is extremely disappointing as MYOB has had this function for at least the 16 years I was using it.

Xero, many have asked for this and these days offering incentives for early payment is paramount.

As this has been requested for many years, I would think you should be making this a priority.

Updating that our Prompt Payment Discounts at Paidnice are getting good feedback from accountants and bookkeepers using it. I wonder if higher invoice monthly minimums specifically for PPDs would make our pricing more appealing to those here?

Yes please this would be great

The ability for Xero to calculate and apply an early payment discount when paying bills. At the moment I can doing manual credits to bills when processing payment, it is a pain.

@Victor ter Hark

Although your workaround seems good, it is not possible when handling 1000+ clients.

But it would be worth waiting if this was the only basic function missing. Xero has loss touch with their accounting clients and seems more focused on roadshows (lights and wows) and implement much less important (and much less voted) features into the system.

I was a huge Xero fan at the start, but as Xero grew, unfortunately their heads grew as well. I moved nearly all my client base off Xero, and is only left with a few that spend thousands in training and implementation and has to stay for now.

One thing is sure, I do not recommend Xero to any of my clients or my fellow peers at our institution.