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Streamline Finances and manage overdue customer accounts with Easy Interest for Xero Accounting

Managing customer payments is a crucial aspect of any business, and late payments can disrupt your cash flow and hinder growth. Thankfully, Easy Interest for Xero offers a powerful solution, seamlessly integrating with your Xero accounting platform to automate interest charges.

  • Realtime sync with your Xero Accounting Profile
  • Reduce late payments and improve cash flow predictability
  • Easy Implementation and Peace of Mind
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Easy Interest, a powerful Xero add-on, empowers you to manage unpaid invoices, and ultimately boost your business financial health

Easy Interest, a powerful Xero add-on, empowers you to manage unpaid invoices, and ultimately boost your business financial health

Imagine this: a customer invoice sits unpaid for weeks, tying up valuable funds. Easy Interest allows you to easily calculate and apply interest to overdue invoices in minutes, acting as a gentle reminder and encouraging prompt settlement. You can set flexible rules to trigger fees at specific intervals, ensuring consistent enforcement.

Interest is applied as a line item on the customer invoice
Set your default interest rate that is applied across all your client invoices or set custom interest rates for individual clients
Easily reverse interest that has previously been applied. This will add as a credit note on your customer's account
Send personalized emails and SMS reminders to customers about overdue invoices and upcoming interest fees. This proactive approach improves communication and increases the likelihood of timely payments.

Get started in just a few minutes

Get started in just a few minutes - Create an Account

Create an Account

Start by creating your EasyInterest account, adding your business details, and syncing your Xero account. All your debtors will be populated from your Xero profile.

Get started in just a few minutes - Adjust your settings

Adjust your settings

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.

Get started in just a few minutes - Apply Interest

Apply Interest

Calculate interest on outstanding customer balances and apply the interest to your Xero Account in a few steps. You have the power to reverse interest previously applied to a customer’s account.

How much interest you could charge

Calculate how much interest you could be charging on your outstanding balance

R100,000

16%

Interest Calculated: R4 455

Xero is a cloud-based accounting platform designed for small and medium-sized businesses. It offers a comprehensive suite of features for managing finances

Xero is a cloud-based accounting platform designed for small and medium-sized businesses. It offers a comprehensive suite of features for managing finances

Invoicing and billing: Create and send invoices, track payments, and set up recurring bills.
Expenses: Track and categorize expenses, receipt capture, and pay bills.
Banking: Connect your bank accounts to Xero and automatically import transactions.
Payroll: Manage payroll, pay employees, and file taxes.
Inventory: Track inventory levels, manage purchase orders, and set minimum stock levels.
Reporting: Generate financial reports, such as profit and loss statements, balance sheets, and cash flow statements.
Integrations: Xero integrates with a wide range of other business applications including EasyInterest