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Xero Business Community

Xero Business Community

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Community > Feature Requests >

Prompt Payment Discount / Settlement Discount

Started by Jordan Hartley-Smith in Feature Requests | Under Consideration

The ability to apply a prompt payment discount to an Accounts Receivable invoice from the match items screen in the Bank Reconciliation. Either as a % of as a total $ value.

The current process of applying a credit note is cumbersome and slow.

Ideally the ability to view discounts given either by having them grouped to a single chart of account code or in a report would be excellent.

The function will need to correctly account for GST based on the contents of the original invoice (pro-rata basis, same as if applying a credit note) so that those or payments or invoice basis do not over pay GST.
Official Xero Reply
Hi everyone

Totally hear you. We started this work because we see the obvious value for your business. Unfortunately the primary thing this team focuses on is getting you paid as fast as possible. So while we thought we could do the build for this relatively quickly, since it adjusts the amount due on every invoice in Xero this has flow on effects for dashboard widgets, invoice list views, reporting, all of our API partners, basically everywhere in Xero that displays an outstanding invoice.

We’re moving forward - but unfortunately it’s bigger than we initially anticipated and we’ve had to engage multiple teams to work on certain bits and pieces - so it’s cross-dependency and that just slows things down.


Craig Walker (Xero Staff)