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Where are we with this please xero? Surely it's a fundamental function of accounting software, average time to pay report for all your clients.

@ashleigh - you don't - its a line by line report. All you can do is work out the days for each invoice then average them out at the end. Its a rubbish workaround that Xero thinks is acceptable! Crazy omission that should be standard in any accounting package

When you pull the Receivable Invoice Summary - how do you include all invoices for one specific client on one line? - mine appears as all individual invoices

@xero - it seems every idea on this forum gets the standard Xero response of "not on our roadmap" - does make we wonder what is on the roadmap ?
It certainly doesn't seem to include anything that any of your users actually want or need!

Howard your a star! Thank you

This is important in order to take action on a client account terms going forward.

There is a workaround you can do that is a good substitute until they implement this feature. Export the 'Receivable Invoice Summary' report. The report has a 'Last Payment Date' column that you can add to it. Then if you subtract the last payment date from the invoice date you will get the days to pay. Make a unique customer list and average the results over a period you determine when you set the date range for the report e.g. 1 year, 2 years, 5 years.

This is a fabulous idea and is critical to strong working capital management.
This is one of my top requests for Xero.

If you're already focused on the above type of report then it needs to have the current overdue sales invoices on it as well.

Even if it's just a column on the sales on the sales invoices page - "days overdue" is useless. "average time to pay" column on the sales invoice page? and "days from invoice date" would be much more useful.

It would be easier to see this information on a report instead of looking at each contact individually.

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This is a standard accounting report that is required.

I'm astounded that we have to use a workaround because the accounting software doesn't provide this. We have to export data to Excel and add a formula to calculate this average days to pay figure for us.

The Business Snapshop gives a snippet of average days to pay but it is not based on each customer invoice, it is across everything that you have outstanding in accounts receivable:

'How we calculate the average days

(Average accounts receivable / Sales) x Days in period'

This is a very generic piece of information and doesn't empower you to target any customers for persistently paying 'x' number of days past the invoice due date

This is highly needed in order to take appropiate action towards a potential revision of client account terms.

Want to be able to forecast cash flow based on customers' historical payment patterns rather than due date of invoices.

Days to payment should be standard in any accounting system.

Wonderful idea - sorely needed!!!

A new 'payment date' field on reports. This would allow users to calculate average time to pay (defined as: number of days between invoice date and payment date).

Alternatively a new report which does this.

Report contact payment time frames to capture clients who regularly take a certain timeframe to pay invoices. For example repeat offenders who pay after the due date. The financial year would be a good reporting time frame.

I am needing days taken to pay for each invoice. I don't just want average days to pay. I'm interested in the history over time.