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  1. Invoices - Multiple due dates for payments/deposits along with the ability to offer trade terms

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    67 comments  ·  Invoices & quotes » Invoicing  ·  Admin →
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    In development  ·  AdminKelly Munro (Community Manager, Xero) responded

    Hi everyone, thanks for continuing to share the details behind your workflows here. We wanted to return with a meaningful step forward for this idea. As some users may have seen, we’ve released the ability to request a Deposit in Xero!

    Enveloped in this we recently made an improvement to this so businesses can now set a specific due date when creating a new deposit, and that due date is shown clearly on the deposit request your customer receives.

    We appreciate this doesn’t yet deliver the fuller outcome many of you describe here, such as multiple due dates across a full invoice, broader instalment-style payment schedules, or trade-term arrangements on a single invoice. But it's progress in this space.

    I’ll be back to confirm once Deposits is completely released to all markets and share how we plan to evolve this further.

    Yigit Akoymak supported this idea  · 
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    Yigit Akoymak commented  · 

    We are still waiting for this functionality to be implemented. We regularly have invoices with multiple agreed payment dates, but Xero only allows us to set one due date, which ends up being the final payment date. This creates serious problems with cash flow forecasting, as the graphs show little or no money coming in over the next few months, even though we have scheduled payments due throughout that period. We simply cannot track these expected payments properly, making the cash flow reports almost useless. It's frustrating that such a basic and common business requirement is still missing. The new deposit feature doesn't really solve this issue. At this point, we're mainly using Xero for basic bank reconciliation because we can't rely on it for accurate cash flow planning. This really needs to be addressed.