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 on how they'd recommend recording this in your org.
Alternatively, there are connected invoicing apps that you can explore through our Xero App store.
We'll continue to track support through this idea, and our product teams will continue to consider this in future planning, so if there’s any updates we’ll share here. Thanks
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
Can Xero create a function on an invoice sent to a customer via a link that, depending on when they make payment, either gives them a small percentage discount or charges them slightly more due to being late?
Scenario #1: The customer's payment terms are 30 NET. If the customer pays on the 39th day, the system automatically updates the pricing and adds a late fee. The margins are pre-built in the back end by the seller and assigned individually to their clients.
This way, clients are encouraged to pay on time or face paying more for the same goods. Now with Xero to Xero integration between suppliers and customers, the updates can be done seamlessly.
Jean Chidiac
supported this idea
·
Can Xero create a function on an invoice sent to a customer via a link that, depending on when they make payment, either gives them a small percentage discount or charges them slightly more due to being late?
Scenario #1: The customer's payment terms are 30 NET. If the customer pays on the 39th day, the system automatically updates the pricing and adds a late fee. The margins are pre-built in the back end by the seller and assigned individually to their clients.
This way, clients are encouraged to pay on time or face paying more for the same goods. Now with Xero to Xero integration between suppliers and customers, the updates can be done seamlessly.