Tiered pricing for Early and late paying Customers - Incentive/Penalty based modelling
Can Xero create a function on an invoice sent to a customer via a link that, depending on when they make payment, either gives them a small percentage discount or charges them slightly more due to being late?
Scenario #1: The customer's payment terms are 30 NET. If the customer pays on the 39th day, the system automatically updates the pricing and adds a late fee. The margins are pre-built in the back end by the seller and assigned individually to their clients.
This way, clients are encouraged to pay on time or face paying more for the same goods. Now with Xero to Xero integration between suppliers and customers, the updates can be done seamlessly.
Jean Chidiac
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