Web app · for Xero users
Lateby
Late payment interest on every late Xero invoice, as draft interest invoices to import, with a notice per customer.
$19 a month per practice
Normal price $19 $11.40 founding first month with FOUNDING40, until 30 Nov
or $190 a year
Buy LatebyTry free with the sample
Free: files for the first three customers in each batch.
Full refund within 14 days of any charge. Checkout by Paddle.
Live
Live on its own website
Lateby is live at lateby.atesensoftware.com. Interest for every late invoice is free on screen, with the import file and notices for the first three customers in each batch; the Practice plan is $19 a month or $190 a year for any number of Xero organisations, with checkout by Paddle.
Sold on its own sitelateby.atesensoftware.com
What it does
Lateby is for Xero users who charge late payment interest. Choose your Xero invoice export, or the Aged Receivables Detail report saved to Excel, and Lateby works out simple interest on every late invoice, under the UK statutory rule (8% plus Bank Rate) or your own rate. It writes one draft interest invoice per customer as a Xero import file, with a PDF notice per customer showing each calculation. The file is read in your browser and is not uploaded.
Capabilities
Your Xero export in
The invoice export from Sales, Invoices, or the Aged Receivables Detail report saved to Excel. No file at hand? The page has a made-up sample to try.
UK statutory rate or your own
Under the UK rule each invoice gets 8% plus the Bank of England Bank Rate for its half-year, from a built-in table you can edit. Or enter your own yearly or monthly rate. Grace period, minimum charge, fixed sums and an "already billed up to" date.
Drafts and notices
A Xero import file with one draft interest invoice per customer, and a PDF notice per customer with each calculation. You import the drafts and approve them in Xero.
Files stay in your browser
The export is read in the page and is not uploaded. Lateby does not sign in to Xero. No sign-up is needed to try it.
Pricing
Free
$0 no sign-up
- Interest for every late invoice, on screen and as a summary CSV
- Import file and PDF notices for the first three customers in each batch
Practice
$19 per month, or $190 a year
- Import file and a PDF notice for every customer, in one ZIP
- Any number of Xero organisations
Guides
Step-by-step answers to the jobs Lateby is used for. They are published on the Lateby site.
How to add interest to late invoices in Xero
Xero can’t add interest to overdue invoices by itself. The manual ways in Xero, and draft interest invoices for every late customer.
UK statutory late payment interest (8% + Bank Rate) for Xero invoices
How statutory interest on late business invoices is worked out, simple and per day, with sources.
Late payment compensation £40, £70, £100: invoicing it from Xero
The fixed sums per late payment, the rules with sources, and adding them to the draft interest invoices.
Record late payment interest in Xero as interest income
Coding interest in Xero’s invoice import file so it does not land in sales.
Questions
Who builds and supports Lateby?
Lateby is built and supported by Atesen Software. Product help, pricing and policies are on its own website; support is available at support@atesensoftware.com.
How do I get help with Lateby?
Contact support@atesensoftware.com for help with Lateby.
Is Lateby independent?
Lateby is not affiliated with, endorsed by, or certified by Xero.
Limits and what we do not claim
- Xero’s invoice export has no payment dates, so Lateby does not work out interest on invoices already paid late, and a part-paid invoice is charged on the amount still due today for the whole period.
- Lateby does not connect to Xero and does not approve or send anything. You import the drafts and approve them in Xero.
- Lateby is not affiliated with, endorsed by, or certified by Xero.
More about Lateby
Lateby is built and supported by Atesen Software. Product help, pricing and policies are on its own website; support is available at support@atesensoftware.com.