adding interest
It would be a game changer for many clients if Xero had the ability to automatically add interest to outstanding accounts receivable invoices that are overdue past a certain time.
It takes a LOT of time to go into each invoice and manually add interest to each one.
Gail Keenan
shared this idea
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Stavros Symeonidis
commented
Until Xero adds this, I made a free page that works out the interest from Xero's sales invoices export. In each client's Xero that's Business, Invoices, the All tab, tick them all, then Export. You type the yearly rate their terms set and the day to count up to. It lists every overdue invoice by customer with the interest and the sum behind it, so you can raise one interest invoice per debtor. It can't price invoices that were already paid late, because the export has no date paid. The file stays in your browser.
https://otum.io/tools/late-invoice-interest