Is there a way in Xero that I can track client STO's? Still undecided about DD's so trying to see if there is a more streamlined way of checking the STO's. I have a recurring invoice set up in Xero and I'd like to be able to see all of the STO clients and their outstanding invoices in one place?
Ive set up a Contact Group called "Monthly STO clients" but unsure if this would work and then also thought that it might be something for these new smart lists? Basically I want to be able to see at a touch of a button or two if any of the STO's havent come through.
Any input greatly appreciated.
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Directli
Xero doesn't really have scope for this. I believe that http://www.directli.co.uk/ might - I've not really looked into this myself.
I know it fits between GoCardless (a very good direct debit provider - who we do use) and Xero
Yes, Directli
We've just signed up with GoCardless who suggested Directli. I'm only just starting to use this but it seems to do the trick and is around £100 a year from memory.
Will report back if experience shows its not as good as it looks!
New reports and Smart Lists
Hi MissAccounting,
You could use to new Receivables Report to filter by contact group, giving you an Aged Debtors report for just your "Monthly STO clients".
You could also make a Smart list which would show you any overdue or outstanding amounts from anyone in your "Monthly STO clients" contact group.
I've recorded a quick video to show you how to make your Smart List.
If we can help further let us know at [email protected].
Leigh Stallard
Senior Account Manager
Xero UK
I use the reference box
I use the reference box for this when setting up the repeating invoices. Clients who pay by standing order have a reference prefixed with SO, clients on direct debit with GoCardless are prefixed with GC. When you're looking at your 'awaiting payment' invoices you can then just sort on the reference column. Works for me anyway!
SLightly different
What about if you send an annual invoice paid monthly via STO.
Is there a way to see if the standing order has not arrived.
Only way at the moment is comparing last months closing balance with this months... but with 1000 odd clients its very labor intensive!!