Settings and activity
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418 votes
Hi everyone, we thoroughly appreciate everyone’s interest and support for enabling the ability to apply a prompt payment discount to invoices.
We understand how a direct prompt payment discount feature would improve the efficiency and automate manual efforts currently involved for you all here, but would like to be transparent that this isn’t something we’ve been able to roadmap atm.
Right now, one way to indicate that your business accepts or will apply a discount for prompt payment would be to write this into the invoice payment terms. When acted on there are a few ways you could consider recording this in Xero, such as;
- Edit the invoice to apply a discount directly
- Edit the invoice to add a negative line that directly draws down the total amount of the invoice
- Apply a credit to the invoice for the portion of the discount
We'd recommend connecting with your Xero advisor…
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Andries Husselman
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41 votesAndries Husselman
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An error occurred while saving the comment Andries Husselman
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In our business we make use of the bill feature to create a legal tax invoice on behalf of our suppliers and currently the Bills don't give me a legal tax invoice?
Can we get a Bill template created that give us a legal tax invoice made out on behalf of the Supplier for the Supplier? Its called selfbilling and is a feature that is critical to our business as the Supplier dont always know what to invoice and we do this on their behalf and this has been legally agreed with the tax authorities.
However currently the Bill template is not sufficient as a legal tax invoice from the supplier!
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541 votes
Hi team, thank you for sticking with us on this one. Online bill payments are now live in Australia through Airwallex, so you can pay supplier bills directly from Xero without logging into online banking.
As mentioned in my last update;
- In the US we have bill pay powered by Melio, with quick payments and contact syncing.
- We offer bill pay with Crezco for our UK customers, including international payments with 32+ currencies supported.
We’re reviewing the experience across additional regions and will continue to share updates as we learn more and make further progress.
Andries Husselman
supported this idea
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Has there been any advances regarding settlement discount to a supplier? We have contracts with some of our suppliers and if we pay before the term date due for the specific invoice we are require to get a % discount on this payment..
I see that in the bank recon we can choose adjustments - bank fee and minor adjustment option...? can there not be a adjustment called settlement discount and this will populate or post to a setup discount account?
Please advise on this feature because a credit note is a very time and we would like to make use of a setup or something that will allow this to happen?