Billable Expenses - Retain source currency when invoicing expenses
When we rebill a transaction to a client that was already paid, if the amount is paid in Euros, for example €5,000, when I issue the next invoice to this customer, the expense automatically shows up to be included in this invoice. The issue is, when I choose this transaction, even though my invoice is also being billed in Euros, the amount is automatically converted to GBP (my company a/c's currency) and then is converted back to Euros so the amount to be rebilled shows us as a different figure either positively or negatively in my favour depending upon the exchange rate at that time. We do not wish these transactions to be converted from EUROS to GBP and then back to EUROS, simply put, the amount I paid in Euros is the amount I wish to bill the client. My question is, how do I stop this "behind the scenes" conversion which I believe is due to the fact that my company a/c's default currency is GBP? All my clients operate and function in Euros and all my invoices issued to them is always in Euros so this is an issue that happens routinely and is very time consuming to have to manually identify the original Euro amount and correct for each individual rebill item?
Patricia Holmes
shared this idea
-
Joelle Chia
commented
I also have this problem. Xero needs to up their multi-currency handling.
-
Kimberley Charles
commented
I also have this problem - as I was literally raising a suggestion for this and how to get round the issue
-
David Roff
commented
I have this same issue its so frustrating, I incur travel expenses for a client when travelling, pay from my euro bank card and when reconciling assign to a customer, then the amount on the invoice is ALWAYS out.
I cant add as an expense from the mobile app as it ONLY allows base currency expenses, which means I would have to convert and then enter (pointless) and for the same thing to happen.
I think this is so easy to resolve for Xero but a daily headache for many of us.
Not sure why its not as simple as this from mobile app.
1. Add receipt - assign to customer, and for the currency I paid in (from my euro bank)
2. Rebill on expense invoice, if incurred cost is in same currency as invoice no conversion otherwise convert?