Xero Accounting app - Bank reconciliation - allow foreign currency payments to be reconciled
Xero allows invoices to be created in a foreign currency (with the premium subscription plan) but when clients make these payments (which get converted to the base currency) they are not able to be reconciled in the Xero app as both the currency and amount are different so they don’t match.
On the web, there is an option that can be unchecked to show foreign currency items, which then allows the payment to be reconciled. In my case it is ‘show NZD items only’.
A similar item would ideally be added to the Xero app so those paid in a foreign currency aren’t forced to reconcile those payments on the web only. Even better if the default was to show all awaiting payment invoices on both app and web in any currency when trying to match a transaction.
Brendon Scott
shared this idea
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David Zeidman
commented
I have this issue too. I have USD payments into a GBP Stripe account. The amounts do not match so no automatic reconciliation but, what is more, for one organisation the name on the incoming payment is different from the contact name on the invoice making it hard to match visually.