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This request has been around for quite a while. Xero what is your response? Are you going to add function or not?

I agree, except I think it should automatically create a new invoice if the overdue invoice is in a closed period.

I agree this is a much-needed feature that other software packages have.

A Solution for Late Payment Interest and Fees (Including Part-Paid Invoices)

Hi everyone,

I noticed this feature request and wanted to share a tool that could help: https://stagepay.app/late-fees

StagePay automates the process of applying late fees and interest to invoices, saving you time and ensuring nothing gets missed. Here’s how it tackles the issues mentioned:

Automatic application of late fees and interest—choose between flat fees, percentages, interest rates, or even multiple concurrent late fees and interest charges.

Handles part-paid invoices seamlessly by applying fees or interest only to the remaining unpaid portion.

Customisable notifications and reminders—you can set up automatic emails or messages to notify clients when fees or interest are applied, along with payment reminders.

Custom late fee and interest policies tailored to your business, so you’re always in control of how and when charges are applied.

No monthly subscription cost—StagePay only charges a small transaction fee when your clients make payments by credit card.

Everything happens seamlessly, with notifications sent to your clients as soon as a fee or interest is applied. No need to manually intervene or recreate invoices—it’s all automated and clear.

If this sounds like something that could help, check it out at https://stagepay.app/late-fees

Thanks

John

I would place this as highly important to our organizations.

Yes indeed it will be nice to get feedback on this soonest

Have you added a feature to allow users to Calculate and charge interest on overdue invoices yet?

time saver!!!!!!

This would be really useful to have.

This is a much needed feature

input this Xero.. you just give price rises like it's nothing how about actioning what the people want not what you want

Critical important option

Highly important feature that is much needed.

This would be a very handy feature to have!

Highly important feature that is much needed.

Any update from the Xero team on this much needed feature. Seems like a no brainer to me. Such a pain to try and calculate interest on overdue invoices manually. I would have thought it would be an important feature in any financial system.. Do the Xero people listen to what the customers are wanting?

This is a basic feature in most accounting software.

Please add interest to a customer invoice, almost every company have customers who pay late, very tedious to generate additional interest invoices every month.

It would be amazing if we can set up firm settings where if an invoice is 30+ days late the system will automatically assess late fees for clients

i would also like to request this feature