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1. Loan Interest Calculations

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   7 comments  ·  For small businesses » Business features  ·  delete…  ·  Admin →
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   submitted  ·  AdminKelly Munro (Community Manager, Xero) responded

   Hi Jason, have you read our help on how you can set up and manage a loan on Xero? 

   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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