Invoicing: Calculate and charge interest on overdue invoices
Good Day
We would like to request that the feature or the option to charge interest on customers for overdue accounts be developed as most other accounting packages has this feature and it becomes time consuming when this has to be calculated and brought in as additional invoices when there are numerous accounts that this needs to be done on.
Nicole du Plooy
shared this idea
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Don Bacon
commented
Good afternoon
Has any progress been made on this. I can't find any other posts or acknowledgement from Xero about this. -
Antoinette Micallef
commented
I agree. I was using MYOB prior to moving over to Xero. There are some functions that are standard with MYOB which are add on's in Xero. One of them is the ability to work out and charge interest on overdue invoices.
I have looked at Latechaser and while this looks like a good program, it is simply not feasible for my business to have to pay another subscription for something that is free with my previous accounting program.
Please look into adding this feature to Xero.
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Rene Robertson
commented
Yes this is one thing we miss about MYOB. Definitely a function that is missing and would be handy.