Managing customer payments is a critical part of running any American business, whether you operate in New York, Los Angeles, Chicago, or Houston. Late payments disrupt cash flow and limit growth for companies across the US. EasyInterest delivers an automated solution that integrates directly into your Xero accounting platform to calculate and charge interest on overdue accounts effortlessly.
Calculate how much interest you could be charging on your outstanding balance
Xero is a premier cloud accounting platform relied on by thousands of small and medium-sized businesses across the US. Integrating EasyInterest into your existing Xero workflow supercharges your accounts receivable strategy and protects your bottom line across every state.
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.
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 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.