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Profit&Loss New-Report in multi-currency

Ability to run the profit and loss new in a currency other than the organisations base currency

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Jarryd Daniels shared this idea  ·   ·  Report…  ·  Admin →
delivered  ·  AdminKelly Munro (Community Manager, Xero) responded  · 

Hi everyone, thanks for your contributions to the idea and to those who jumped in to help test and play with the multi currency before the full release.

Today I can confirm we've released the ability to run the Profit & Loss, Balance Sheet and Budget Variance reports in other currencies an org has been using to all users. If you're using multi-currency in your org you'll find this extra option in each of these reports settings. 😁

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  • Susanna Swan commented  ·   ·  Report

    I hope this is completed before the old reports get removed; reporting in multiple currencies is an integral part of a multicurrency accounting software!

  • Archie Ortiz-Cabutotan commented  ·   ·  Report

    Hi Kelly,

    I'm interested to join this group to have early access on the multiple-currency FS please.

    thanks.

    thank you.

  • AdminKelly Munro (Community Manager, Xero) commented  ·   ·  Report

    Thanks Leonie, Fatou, Tanya, Danietta and Andrew. I've made sure to pass your details on to the team so you'll each receive notifications once turned on for your orgs!

  • Leonie Kemp commented  ·   ·  Report

    Yes, would be great to have early access. Thanks.

  • Fatou Mawanda commented  ·   ·  Report

    Our organisation also uses multi - currency and this feature is vital to our reporting. Happy to be included in the test users group if required. Thanks

  • Tanya Davel commented  ·   ·  Report

    That sounds amazing. It would really impact the way we use Xerox positively with this added functionality. We would be happy to be part of the test users.
    Thank you,
    Tanya

  • Andrew Imray commented  ·   ·  Report

    Great thanks, will you be able to run a P&L report in source currency? I would be happy to be one of the users included in the trial.

    Thanks
    Andrew

  • John Lewin commented  ·   ·  Report

    Wow. That's fantastic, thank you Kelly and team. I have been thinking about migrating away from Xero due to lack of this functionality but will now hang on. I would think that quite a few prospective users were turned off due to this in the past.

  • Zoe Giles-Jones commented  ·   ·  Report

    In the old report templates (P&L and BS) we were able to change the currency, But the reporting template however isn’t as easy to manipulate. Can you add back this function

  • Peter Chambers commented  ·   ·  Report

    I contacted Xero about this this in November through xero central and received this reply:

    "As Xero begins to retire the older versions of our reports, the goal is to bring all features in the older reports over to the new reports such as running them in multi-currency.

    There will be more communication about Xero reports and feature updates prior to the old reports go away.

    You can find our Product Release Update through the link below.

    Product Releases: Xero product releases

    Kind regards"

    It would be very helpful if Xero could now provide a more complete response.

  • Michelle Heydon commented  ·   ·  Report

    I also desperately need the Balance Sheet to be able to display Foreign Currencies. We have two US subsidiaries, and I need to be able to track the loans and intercompany recharges in USD. The old balance sheet allows you to report in the original USD figures. I'm dreading the old reports disappearing in July 2023. I was sure that the new reports would eventually have this function, but starting to give up hope.

  • Charan Saunders commented  ·   ·  Report

    We have numerous organisations in different countries and are expected to report to our major donors in USD. This is absolutely critical. One of the first questions and key decision factors in going with Xero was the ability to report in different currencies.

  • Duane Povey commented  ·   ·  Report

    I work with some clients that have oversight boards in two countries and we need to run the same reports in the local currency for review.