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Larissa - Can I just say you are going to Regret going from MYOB to Xero "Building Beautiful" let me tell you there is not even Building BASIC with Xero - no Support nothing every get done - for sakes they don't even have 30, 60, 90 days on Customer statements!!! Goood Luck getting anything done

Please implement this function ASAP - I have just switched from MYOB to Xero and am very disappointed that this is not an existing function.

Very basic function not available in Xero. Disappointing given how long this has been requested and how simple to implement.

When reconciling bank feeds can you put an option with the adjustment tab for early payment discount? You can than select all invoices to be reconciled and if amount calculates to the statement you can than select discount and apply the discount amount?

A basic function for any other package we have used in our business. No other has been without it. We moved to Xero because it syncs with our new POS & operating system. Extremely surprised & totally disappointed that auto calculation of settlement discount & early payment discount is not standard for both suppliers & customers. Surely, it's not that difficult to implement.

Please add the settlement feature to bills payable. Thank you

It really is a very basic accounts package unction. Xero is the first package that I have come across in 30 years that has not got this function. The discount allowed automatically adjusts the total amount for GST e.g. Invoice is $110 including GST, the customer only pays $100, Xero would automatically adjust the GST payable amount to $9.09 - that is then the amount the supplier (me) will remit to the ATO.

Please get this done asap it would be so helpful to get paid on time more often!

Cash is king. This would encourage our clients to pay faster

Would be great to see 2 levels of discounts.

Pay on time discount & pay early discount structures.

And setting rules for customers with these in place so it recognizes the payment amounts.

thanks

A customer pays $1,000.00 to settle a $1,000.50 invoice. Button please to allow the $0.50 discount. Or, allowing a customer 2% discount for payment within 7 days, button with discount % rate please. Thank you :)

Cash flow is such a challenge and having the ability to add a discount for payment on time is critical. Its already used in many applications, like Speeding fines, Car Registration, Council Rates so we need to have this option added ASAP.

PLEASE! Essential for every business these days. Very helpful to cash flow.

How is this not already done. Early payment discounts generate sales! Get this done ASAP, please

This is also vital for customer statements, and ideally where the discount could be calculated and displayed automatically e.g.

"Pay the balance of your fees before 31st March 2023 and save [5% of their balance shown here in € ]"

@Tomas Finneran. I honestly have given up. Don't need frustration in my life. I have seen less voted and less importants features added. Cannot say how they evaluate a request. My clients that is on Xero (pay for Xero themselves) have left at Xero. Clients I pay for, I have moved to something more suitable. I do not recommend may clients Xero any longer, but If they want Xero, I do assist.

This feature is vital, find it strange that Xero would not want to include it. Please add as soon as possible.

@PamDyer
Your timing here is perfect. This is becoming critical for us and Xero seems to have no intention of ever implementing this change. I was just going to ask which other services have this feature as we have no hope of Xero helping at this point. Will start looking at Sage and Quickbooks.

We are new to Xero and we too offer early payment discounts. So surprised to see this basic feature isn't standard in Xero. Both QuickBooks and Sage have this feature. Entering a CRN for each discount is extremely time consuming. Please add this feature asap!

@Kevin Burrows. There is a better chance for peace in the Middle-East before Xero will listen to, what should be industry standard feature.