Managing customer payments is a critical aspect of running any Canadian business, whether you operate out of Toronto, Vancouver, Montreal, or Calgary. Late payments disrupt cash flow and hinder growth for small businesses across Canada. EasyInterest delivers a powerful, automated solution that seamlessly integrates directly into your Xero accounting platform to calculate and apply interest charges on overdue accounts effortlessly.
Calculate how much interest you could be charging on your outstanding balance
Xero is a trusted cloud-based accounting platform used by thousands of small and medium-sized businesses across every Canadian province and territory. Integrating EasyInterest into your existing Xero workflow allows you to supercharge your accounts receivable, enforce late payment terms, and protect your bottom line — all within your primary financial management tool.
Start by creating your EasyInterest account, adding your business details, and syncing your Xero Cloud 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.