Is your business struggling to get paid on time? Easy Interest can help you speed up your cash flow by calculating and applying interest to late payments in a few quick steps.
Available for all Xero Accounting customers across the globe and Sage Cloud Accounting customers in South Africa
It's fair to say that late payments are a 'touchy' subject for any business, but allowing it to go unnoticed can lead to bigger troubles. You need a simple solution to calculate interest and apply it to your outstanding balances, and then communicate to your customers accordingly. Read more about the features Easy Interest can offer you.
FeaturesCalculate how much interest you could be charging on your outstanding balance
Based on a 30 day interest period
As a business, cash flow is the lifeblood that keeps your operation running, but chasing late payments shouldn't be time-consuming and stressful. Implement a late fee policy within your business to get paid on time, every time.
Charging interest on unpaid invoices could mean the difference between being paid on time or waiting for weeks or months to receive compensation for your products and services.
Yes, legally businesses can charge interest or penalties for late payments.
Over 90% of small businesses in South Africa say that they struggle with late payments. Need more information about implementing an interest policy for your overdue accounts?
Download our How to Guide for information and tips to get started.
Easy Interest was designed to help business owners get paid on time. Calculating interest manually and applying it to every customer account is tedious and a waste of time. With us, you'll be done in under 15 minutes. It's powerful, flexible and everything you need as a small business in South Africa.
Realtime sync with Xero Accounting and Sage Cloud Accounting
Calculate and apply interest when it suits you
Easily reverse interest that has previously been applied
Start by creating your account, adding your business details, and syncing your Xero Accounting or Sage Cloud Accounting profiles. All your debtors will be populated from your accounting profile.
Set your business terms, such as the default interest rate and/or custom interest rates according to individual customer accounts. You can also select if customer accounts should be ignored from receiving interest.
Calculate interest on outstanding client balances and apply the interest to your Xero or Sage Account in a few steps. You have the power to reverse interest previously applied to a customer’s account.
"Easy Interest has been a game changer for our firm. The software is user-friendly and seamlessly integrates with SAGE, making it easy to levy interest on overdue accounts. Overall, the software is efficient and effective in charging interest on customer accounts while saving us time in the process. Keep up the good work!."
Duan, Taxit
"As everybody knows, you'll always have debtors with long outstanding accounts. For years I've had to calculate the interest charges for long overdue invoices manually. This has taken me hours monthly.
I have been introduced to Easy Interest recently which integrates perfectly with Sage Accounting. From signing up, to excluding customers you have an agreement with, to your first interest run, has been so smooth sailing and will take you less than 30 minutes a month.
It is an easy implementation and sure to be the next generation for interest charges."
Martie De Waal
Finovo Accounting, South Africa
"EasyInterest transformed my payment collection process. Long-standing overdue accounts used to be a pain, but the adjustable interest rates and notification reminders changed everything. EasyInterest is not only user-friendly and easy to use but has also improved my business cash flow. If you have long overdue accounts, I would highly recommend EasyInterest"
Marika, Garden Route Locksmiths
