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I think it mustn't be in their best interests to implement. Maybe they have ownership in an add on company that provides the service or something else, but I agree it is an easy thing to implement, MYOB used to do it before Xero even existed I am sure of it. Its a sad day when Im missing a feature of MYOB i celebrated the day I got my last client to move over lol

Why is this so hard for a large company to implement?? I have been doing it manually. Someone told me the their accounting software does it automatically. Sounds like the biggest in the accounting industry are falling behind!
This post has been up for years, any chance this could be taken seriously?
Thanks

The problem is, no enough people comment on issues that are needed, everyone is hoping that Xero sees common sense but I think they just focus to increase their prices without adding anything significant to help their customers or bother to read these requests !

Hello Xero ... are you there? Hello ... where is your response to this issue please.

Being a small business when clients don't pay they are counting on you not having the facilities to follow through on simple things like adding ankoverdue charge because they know it takes time and time us something most small business don't have.
Therefore if the system could automatically add the charge basic in preset parametre8it would be a great help in convincing customers to pay on time.

It appears that these requests are not read or responded to by Xero? This feature is critical for so many small businesses! Xero, you luckily have debit orders and don't have to deal with cash flow nightmares when customers don't pay on time! Please consider the survival of many of your customers and include this feature!!!

Hi it would be grate if the statement have a function to add a % interest on late invoice.

Thank you.

Joline

Not sure how well it works but Latechaser is an app you can use with Xero to generate late fees on invoices (although having this within Xero would be a much preferred option...hint hint Xero!!)

PLEASE PLEASE add a way for us small biz owners to add a late fee automatically onto an invoice if they haven't paid in ___ set days.
I have this set in all my contracts, but need a way to actually stick to it and make it a real possibility if needed. This is a basic function and needs to be added ASAP.

A competitor of Xero does it :(

This is a basic function.

This would be such a nice feature to have because right now it's a very cumbersome process.

Basic business function sorely lacking in your product! Seriously!!

Can Xero please add the votes of all the users who voted for this idea under their old customer support regime? This way it would have the more than 1000 votes that it should have.

Thanks Caroline we already use this, but it would be great if xero
1) calculated the rolling interest in a column under Invoices Due
2) created a new invoice for the late fee to the same customer with the statement "We are exercising our statutory right to claim interest (at 8% over the Bank of England base rate) and compensation for debt recovery costs under the Late Payment legislation, because we were not paid according to our agreed credit terms."

For now just 1) would be great

Thanks

For those in the UK in urgent need of such a tool this link to the Gov.uk interest and compensation calculator may be useful

https://www.smallbusinesscommissioner.gov.uk/deal-with-an-unpaid-invoice/how-to-chase-an-unpaid-invoice/interest-calculator/

The 1036 votes on the old page didn't help to get this rolling, so don't hold your breath.

This is a much needed feature. Being able to add a late fee to an invoice is very important.

Please can we have an update on when we can expect this to be rolled out? Other accountancy tools already have this feature.

For subscription invoices would be great if we could add the late payment fee (invoice interest) of the previous invoice to the new invoice.