Prepayment - Multi-currency
Ability to create a prepayment in a currency other than the organisations base currency
Purpose: Having a multi-currency prepayment option in Xero will make users’ who are dealing with customers that pay prepaid foreign currency accounts to their business easier.
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Aleksej Michalik commented
All our suppliers receive prepayments in a foreign currency. This is a critical issue.
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José De Bardi commented
Going to have to seriously consider other account software for my NINE companies if this can't be implemented soon. It is critical for businesses that trade globally.
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Justine Waddington commented
We deal in multiple currency. In a global economy this is odd that XERO do not facilitate this feature.
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Areg Hovhannisyan commented
This is Critical for most of the companies that are engaged in foreign trade. And it seems technically not hard to implement as the system is already there.
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SURAN LAMA commented
What is the option available in the meantime?
Prepayment in Foreign currency is a must for us.
Cannot issue a sale invoice for goods that have not been delivered to the customer. Prepayment from customer to a sale invoice can be months. How can we record these prepayments in the meantime. BAS will be affected and so will PNL. -
Paul Blick commented
Surely it is not that complicated - if you can show prepayments in a base currency account why on earth can't you do it in a foreign currency account!
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Jaine Wills commented
Whilst not strictly speaking a prepayment, I need to record USD payments in advance (deposits to Chinese suppliers) that, ideally I can attach to the invoice which is only raised once the goods are received (many months later).
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Catherine Freemantle commented
Yes please - don't want a holding account in the base currency, don't want an overpayment showing up on statements. Want a prepayment that doesn't show on outstanding report.
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Gabriel Ripka commented
Is there a work around.