Actual days to pay per invoice
In UK, the Office of Small Business Commissioner is working on improving payment times for small businesses, via the Fair Payment Code. To obtain an award under the code, you need to submit evidence that you pay 95% of all your invoices within 30 days (for small suppliers) or 60 days (larger suppliers). Currently there is no report in Xero that reports actual days to pay per invoice. I have been using the Payable Invoice Summary report with various filters applied (Payable Invoice, Paid) and exporting it to Excel where I manually add a formula to count the days between the invoice date and the Last Payment date. It would be great if this could all be done in Xero and exported as a pdf.
Note that this is Actual days to pay per invoice, not average days to pay.
There are 400 awardees under the Fair Payment Code, at least some of whom must be Xero customers. List available here@https://www.smallbusinesscommissioner.gov.uk/fpc/awardees/
Clare Kissane
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