Enter your idea

I've been requesting this for coming up 10 years now.

Journals in non-base currency should be available in a multi-currency accounts package. (SOs and POs are possible in any currency, why not journals?)

For us, we have deferred income every year (holidays booked in advance of the next financial year) over 15 chalets. Each chalet has gross sales, sales discount and agent commission. Sales are taken in GBP. Our base currency is EUR. The journals in EUR on Day 1 of the new FY distort our real sales figures as the sales are made over the previous 5 months and all journalled back to the P&L at the ex rate on 1 May.

You say there's no work planned for 2023. Are there plans for 2025?

I have completely lost hope of this ever happening, lost trust in Xero's ability to listen to its users and their functionality concerns, and no longer use Xero for my clients. This has been very disheartening to watch the past few years. This request was first submitted in 2014. That was TEN YEARS ago. There has been NO RESOLUTION.

Xero Product team - WHY ON EARTH are you ignoring your users that actually want to use your product, and are now being turned away to find other solutions as you won't engage with us about critical functionality? This is absurd. I have been monitoring this thread for years.

I think I'm finally going to disable the notifications for new comments because now they just make me sad.

This is a basic feature in an interconnected world. We spend hours every month marking working on what were automatic adjustments in Quickbooks. Is this feature going to be rolled out? It matters a great deal to clients dealing in multiple currencies.

Hello Team

I support the need for being able to raise journals in a foreign currency, as a file where you have different currencies you need to be able to do year end journals (and other journals during the year) in particular so you have records of what you did last year to ensure the current year can be actioned as required. Also it allows processes and entries to be reflected in appriopriate ways.

The reply post above was for the 2023 year, we are now at the end of the 2024 year and it does not look like this project has progressed at all.

Can we get an update on this and when the inital upgrade may happen.

Thank you

It's mind blowing this feature still isn't available yet.

posting of journal entries in multiple currencies is absolutely essential for any business enterprise

Xero - any updates on fx journals since June 2023?

To enable proper use of the multi-currency subscription, can you please add in options to allow multi-currency manual journals and registration of fixed assets in multi-currency.

Currently, we're only able to create invoices / bills in multi-currencies and still have to manually do a lot ourselves - hence why I think the multi-currency subscription isn't worth the extra cost.

I was under the impression Xero was multi currency so assumed it would be able to function in all areas with alternative currencies. I use these on a regular basis so now have to find a workaround as have only been using Xero for a few weeks. Please advise when this will be actioned as it certainly seems many people require it.

I record transitional accounts in a currency different from the reporting currency.
When I receive a deposit in a foreign currency, the transitional account must be reversed.
I then have to calculate the foreign exchange gains and losses separately, which is very difficult.
Please implement this as soon as possible.

Its 2024, over the past 5 years the world has developed several covid vaccines, mankind is worrying about the progress of AI, the UK has exited the EU, Russia invades Ukraine, tension and hostilities rise in the Middle East, India overtakes China as the populous country on earth, India and China are also in the space race, alongside Bezos, Musk and Branson, and flared trousers and Blink 182 are making a comeback.

Meanwhile..... Xero still can't post manual journals in multiple currencies, and says its not a priority despite everyone asking for it

Definitely something that needs to be implemented as soon as possible, its a nightmare trying to put simple transactions through without the feature. Why offer and charge people to use multiple currencies then you can't then do necessary work?

It is very important for intercompany reconciliation, to be able to input manual journals in foreign currency, and to generate reports where the original currency amount is shown.
Thanks for considering this in your next developments.

Hello,

At the moment, we can't change the currency for manual journals. Which makes it difficult for companies that work a lot internationally.

Also when booking bills, it would be cool when submitting the invoices to be approved, to get send automatically to the next one.

Thank you.

Any updates on this for 2024 ?? Really needed

Would it be possible to post manual journals in different currencies?

We definitely need this. I don't even understand why it hasn't been applied for years! Isn't this a basic accounting function?

Hi Xero, can you please make this a priority. It is definitely needed and has been for many years.
Please update all users on the advancement of this feature.

Kim, agree. Suggest you post it as a new comment, as am sure most xero users would have the same experience.

In my opinion there is the much bigger issue of the Bank Revaluation account being complete rubbish and the FX reports having columns the Xero Help desk don't even attempt to explain. Xero needs to sort out it'd basic FX processing as it doesn't work.