Managing customer payments is a critical aspect of running any British business, whether based in London, Manchester, Birmingham, or Edinburgh. Late payments disrupt cash flow and hinder growth for UK SMEs. EasyInterest provides a powerful, automated solution that seamlessly integrates directly into your Xero accounting software to calculate and charge interest on overdue invoices effortlessly.
Calculate how much interest you could be charging on your outstanding balance
Xero is one of the UK’s leading cloud accounting platforms, trusted by thousands of SMEs across England, Scotland, Wales, and Northern Ireland. Integrating EasyInterest supercharges your credit control and protects your bottom line — all without leaving your accounting software.
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.