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1. Bank Accounts - Set up loan schedule and amortization

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   13 comments  ·  For small businesses » Accounting features  ·  delete…  ·  Admin →
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   Gaining Support  ·  AdminKelly Munro (Community Manager, Xero) responded

   Hi everyone, while we appreciate your interest in a direct feature in Xero to schedule and manage loans this isn't something we have planned right now.

   We do have some information on Xero Central that may help some here with managing loans in Xero.

   We will continue to monitor the community support for this in the forums here, and share if there are any updates.

   Simon Reid supported this idea  ·  22 February, 2025
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   Simon Reid commented  ·  22 February, 2025  ·  Edit…  ·  delete…

   Loan Interest

   Xero should have a built in daily interest rate calculator/application on both inward and outward loans with a global setting and an ability to vary on individual accounts. It would be ideal if the system just automatically uploaded changed balances on a daily basis with the ability to actually invoice it either automatically at monthend or manually during the month.

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