Reconciliation - Auto match with foreign currency transactions
Matching foreign currency transactions - Bills that have been approved in a foreign currency should be checked and matched against local currency transactions. These are very common in credit card transactions for online service subscriptions.
Also, the default setting to only match to local currency should be removed, or the user should be able to chose the default setting.
Neil Baker
shared this idea
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Scott Pollok
commented
Strong agree with this request.
Adding an option for "Show [account currency] items only]" has been requested many times - see https://productideas.xero.com/forums/939198-for-small-businesses/suggestions/44988664-bank-reconciliation-untick-show-currency-item. Comment and mark as important to keep this coming up on PD team's radar.
If there's a concern for auto-match with foreign currency in prompting incorrect matches, in addition to a fuzzy converted amount (and date logic) match, the rule could require a match with one of payee name or reference. That would significantly expedite our reconcilliation process.
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Hans de Ruiter
commented
Yes, please! I have quite a number of foreign transactions via Stripe, and having to manually match them is a pain. I both hope to increase the sales volume, and shudder at the thought of having to manually match way more transactions...
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Krystal Butcher
commented
Better user experience for reconciliation of multiple currencies.
When reconciling Xero won't automatically match with invoices of a different country (other than AUD). Xero should be able to find invoices that have been entered in a foreign currency and match it with transactions that come through as paid.