Overview
Effortless Cash Flow: Automate Late Payment Interest with Easy Interest for Xero
Stop chasing late payments and let Xero + Easy Interest do the heavy lifting! 💪 Easy Interest for Xero seamlessly integrates with your Xero accounts to simplify, automate, and professionalize the process of calculating and applying interest on overdue invoices. Boost your cash flow and encourage prompt payment without the time-consuming manual effort.
Key Features to Drive Timely Payments:
⏰ Real-Time Xero Sync: Instant synchronization with your Xero data ensures you are always calculating interest based on the most up-to-date overdue balances.
🔣 Simple Interest Application: Calculate interest on your entire overdue debtor list and apply it as a professional, new invoice directly within Xero in just a few steps.
💸 Flexible Interest Rates: Set a default interest rate for all clients or customize specific individual client rates to match unique agreements or policies.
💪 Control & Flexibility: Easily reverse previously applied interest (creating a credit note in Xero) for a single debtor or an entire interest run, giving you full control over your client relationships.
🏹 Targeted Charging: Choose to calculate interest on overdue balances across all ageing periods (Current, 30, 60, 90+ days) to ensure no overdue debt is missed.
💬 Powerful Communication Tools: Utilize built-in SMS and email functions to send proactive reminders and communicate applied interest charges, keeping your debtors fully informed.
📈 Data and History: Access a full history of all previous interest cycles and export detailed calculations to Excel for simplified analysis, sharing, and auditing.
Start your free trial today and take the first step toward faster, more predictable cash flow!
EasyInterest + Xero
Streamline Finances and manage overdue customer accounts with EasyInterest for Xero Accounting.
EasyInterest syncs your outstanding invoices from Xero and replicates the aged receivables report in a dashboard. The system then calculates interest/late fees based on the outstanding invoices and the parameters you choose. You have the option to apply the interest calculated or discard it. When applying the interest, the system will create a new invoice in Xero against a customer's account. You also have the option to refund all interest that has previously applied. This will create a credit note in Xero and apply it to the relevant invoice.
Getting started
Get started by selecting a package that suits your business.
