Invoices - Multiple due dates for payments/deposits along with the ability to offer trade terms
Ability to set up multiple due dates for payments/deposits.
Purpose: payments and deposits can be spread throughout different dates.
Hi everyone, thanks for continuing to share the details behind your workflows here. We wanted to return with a meaningful step forward for this idea. As some users may have seen, we’ve released the ability to request a Deposit in Xero!
Enveloped in this we recently made an improvement to this so businesses can now set a specific due date when creating a new deposit, and that due date is shown clearly on the deposit request your customer receives.
We appreciate this doesn’t yet deliver the fuller outcome many of you describe here, such as multiple due dates across a full invoice, broader instalment-style payment schedules, or trade-term arrangements on a single invoice. But it's progress in this space.
I’ll be back to confirm once Deposits is completely released to all markets and share how we plan to evolve this further.
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Noel Guilford
commented
My client needs this facility asap
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John Hart
commented
SOLUTION:
Hey Everyone,
I just thought I would jump in here and make you all aware of Stagepay. Stagepay addresses the issue of managing payment stages by allowing you to create them for your invoices. This way, customers can pay only for the specific stage that is due by card.
There is no subscription cost—just a small transaction fee on credit card payments. Stagepay is currently in Beta, and we would love your help in creating something awesome. If you're interested in using Stagepay to send your invoices, we'd be thrilled to have you onboard.
Stagepay is exclusive to Xero; we love Xero, and Stagepay works seamlessly with it to provide a user-friendly workflow for sending invoices.
Hope to hear from you all soon!
John Hart
Go to https://stagepay.app to sign up
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Tom Benson
commented
*PLEASE* after 10 years can we have multiple due dates on invoices? I want to raise a single debtor invoice, with payment terms split over X months (2,3,6,12 in our case).
We offer fleet equipment servicing - so we "smooth" the costs of a customers maintenance of equipment over a full calendar year, so for us time based splits (with support for reminders) is what we need.
But, every tradie from every discipline could really use this feature as well - for progress payments.
Right now, this is the last vestige of our business we need to run a different system for.
I really cannot understand why Xero STILL doesn't support this. -
Andrew Littlefair
commented
It would be really helpful to be able to offer monthly payment schemes for a single invoice that link automatically with Gocardless rather than having to set them up separately and manually reconcile when they come into the bank account
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Sonya Wimmers
commented
Just endorsing many of the comments below and wondering whether there's an update on plans for this please (I see this was first shared by Xero Admin 11 years ago)?
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David Bidwell
commented
Could really use a feature in Xero to allow customers to use payment plans or paying partial payments
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Donna Munro
commented
This would be a good addition to the Xero features. I'm very surprised that it isn't already here ....
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Baila Rosenbaum
commented
This is a basic accounting feature necessary and I cannot believe you still do not provide it after multiple requests for sucha basic feature!
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Richard Nash
commented
For nearly 9 years I’ve been an ardent fan and enthusiastic recommender of this software. Sadly, now, I have to caveat those recommendations. It just seems like you’ve stopped listening to your customers which is very sad and undermines the superior customer experience which you previously offered. Surely it can’t be difficult to add such an obviously important enhancement as this?
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Paul Thistleton
commented
What is the progress on this one? Obviously people screaming out for this and still not a feature.
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Darryn Lander
commented
Absolutely essential for effective cash flow management:
* Expected Date: While awaiting payment, why not provide an option to include the anticipated amount alongside the expected payment date? or,
* Short-term cash flow projection: A missing custom prediction feature that would enable selecting an invoice and adding an amount and expected due date.Xero, as a platform designed for SMEs, you are severely limiting your customer's capacity to effectively manage cash flow and streamline payment plans with both their customers and suppliers.
Given its critical importance in today's market, this feature should be prioritised for immediate development.
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Tristan Blatter
commented
This feature is essential, I am shocked it is not already available...
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Nichola Ross Martin
commented
Unbelievable that Xero cannot allow us to raise a single invoice and accept payment by instalment.
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Olivia Briasco
commented
Desperately need this feature. Like many others in the thread, I run a business with high ticket items and the customer pays across a number of months. Multiple invoices for one customer is too confusing and it's such a time waster to have to unreconcile the item before adding another and then re-reconciling the same invoice.
Tempted to look for an alternative invoicing because this is lacking in Xero. -
Keith Colman
commented
we are a weddings business where bookings are made up to 2 years ahead of the 'big day' and then payments are made along the way as plans develop and change, and the event approaches.
we need this urgently in order to make our invoices and paperwork intelligible to our customers, and efficient to our financial managers -
Wilson Lee
commented
This is critical, stop wasting money on making font and/or colour changes to your website and get this done urgently!
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Denise Forrest
commented
Can't believe this is not possible - lagging behind other software
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Richard Pateman
commented
It's unbelievable XERO that this request has been on your "To Do" list for so long with no action. It's a quite clearly a "Critical" feature, which SAGE managed on their desktop software over 20 years ago, which you continue to ignore but your users need.
Yet in the time you have spent ignoring this feature request, you have managed to increase your fees, change your CEO multiple times and spend so much time messing about with the appearance and aesthetics of your software versus the essential functionality.
When will you realise that no matter how much time you spend faffing around with the appearance, it is all pointless if the information behind the scenes is not accurately captured and represented.
Will someone who is quite clearly overpaid at XERO finally wake up, listen to what your users are requesting and get this essential feature set up!
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Melissa FARAH
commented
critical for clients who need a payment plan
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Clare Blake
commented
This is critical to our business. Without it being implemented we will need to move onto a different accounting programme.