foreign currency supplier
Suppliers that have a foreign currency default on their account should show the balance owing to them in that currency and not in gbp. This is very confusing for users who are not familiar with xero or experienced in accounts. Another colleague of mine paid the amount owing on their supplier account thinking it was USD as the supplier invoices in USD only and that is their default currency, however it shows as owing in GBP, therefore the incorrect amount was paid to them?
Christine Lyall
shared this idea
Thanks for your feedback, Christine. Appreciate how this could help though I want to be upfront that we don't have plans for changing this atm.
It would help in passing on your feedback to the right team to know if there is a specific area in Xero that you'd most commonly view the balance owing to your supplier - e.g would this be within their contact record, or do you run a particular report to view multiple supplier balances at once?
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Sharon Davis
commented
This definitely needs to be address, either you need to change xero to no longer support multi-currency, or listen to your users, as the reporting for multi-currency is beyond a joke. I am trying to reconcile an account, the supplier has sent us their records and I can't even pull an appropriate report to reconcile it with, as the report comes out in AUD and the supplier is a USD account. I can't send the client a supplier statement, as it is in the wrong currency....oh wait...xero did away with supplier statements for whatever reason.