Repeating invoice with annual increase
Repeating Invoices - automatic price increase
We have several client contracts which include 5% price increases per annum. It would be great if you could create a repeating invoice and specify a percentage to increase the amount by on its next repeat
Trent Steel
shared this idea
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Frank Stickney
commented
SO SO SO important for anyone with contract clients, service agreements etc. Xero, listen, you MUST find a solution for this. I have lost a bunch of money because I have ADHD and I forget to update my clients' recurring invoices. They're all on different renewal dates. I recently have been setting up a convoluted system of service line items with Y1, Y2, Y3 creating a big mess in my system just so that I can select the right year of service item rate based on the year they started. And I have a Google Sheet with formulas that use a starting date I enter to show the year (Y2 etc.) they are in, the deadline for changing the recurring invoice in Xero, with an app script in Google to set up a reminder in the calendar... it's CRAZY and messy and so many places things can fall through the cracks! I would probably pay more at a different invoicing/bookkeeping service and switch from Xero if I found one that would handle this for me. So I urge you to make this recommendation a priority! You will probably attract a lot more customers once they find out you have it... Seriously.