Settings and activity
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964 votes
Hi everyone, a year on from my last engagement we wanted to provide an update for you all here.
As many will be across we're in the midst of making a lot of iterations and improvements to new invoicing leading up to the retirement of classic invoicing in September (2024).
We have a fair amount of work lined up in the teams schedule over the coming months and to give an indication there isn't any committed plans around a function to add interest to invoices.
That said, we do have a team that have picked up and are considering how we might solve this with the technology in new invoicing - It's early days on this yet, but I'll share if there's any progress on this for you all here.
In the meantime, as has been shared by others over time there are a few ways you could accomplish this…
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Brenda Templin
supported this idea
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An error occurred while saving the comment Brenda Templin
commented
This is a very important feature for businesses - we need to be able to add interest on late payments or we would lose a lot of money. It is time consuming to need to do this manually.
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46 votes
An error occurred while saving the comment Brenda Templin
commented
Most contractors require a deposit and progress payments. This is very important to us and Xero does not allow this to happen in a seamless or easy manner. There should be a way to invoice the deposit and then have it convert to the future invoices instead of having to manually enter things and make sure you don't miss deposits/progress payments.
Brenda Templin
supported this idea
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4 votesBrenda Templin
shared this idea
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I agree this is an issue that needs to be solved for all of us. That being said, as a Xero user, I feel we should keep our comments to what is needed to better the software. Each of us have different needs for the software and what is used by one company may not be important to another.