What can be set as a default in Xero for invoices and bills?

In Xero, setting default due and expiry dates for invoices and bills is a crucial feature that streamlines the billing process. By establishing default due dates, you can ensure consistency in how long customers have to pay invoices or how quickly bills are expected to be settled. This functionality not only helps automate the follow-up processes but also enhances cash flow management by reducing the variability of payment timelines.

When defaults are set for due and expiry dates, users don’t need to manually enter this information every time they create a new invoice or bill, which saves time and reduces the risk of human error. This feature is particularly helpful in maintaining clear expectations between businesses and their clients regarding payment timelines. Overall, it supports better organization and financial planning within Xero's accounting system.