Xero - beautiful accounting software

Xero Business Community

Xero Business Community

Hi everyone, Come on over to the new discussions in Xero Central. It’s a more intuitive way to connect and chat all things business with one another. Ask questions, dish out answers, and get involved.

You can still view topics in the Xero Business Community to see all the useful knowledge that’s been shared there; and you can restart conversations you feel have been of huge value to you on Xero Central.

If you have brilliant ideas for innovations, you can keep on adding feature requests in the Xero Business Community, and voting on existing requests. There’s more in store, as we come up with the best way to take on your thoughts and share developments
Community > Feature Requests >
502
Vote

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
 

Craig Walker (Xero Staff)