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FX rates used on Balance Sheet report

The 'old' balance sheet showed the fx rates as a note at the bottom - can we have the option to add this to the new balance sheet layout.

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Melanie Hallam shared this idea  ·   ·  Report…  ·  Admin →
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submitted  ·  AdminEthan M (Admin, Xero) responded  · 

Hey community, thanks for sharing this one!

Once we’ve completed the upcoming retirement of our old reports on 31st Jul, the team will shift focus to foreign currency disclosures. Understand that this feature was available in the older reports, and many in this community are keen to see it return! As soon as there’s more to share on that work, I’ll update everyone here.

In the meantime, as a workaround, you can manually calculate this (this information can be accessed from your organisations’ settings screen) and add it into a text block at the bottom of the report.

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  • Peter Or commented  ·   ·  Report

    With one month since throwing the good old report away or two months since this thread being created, we don't see any positive action done by the developing team. What's the difficulty there? Is this essential information actually not important for the Finance Controller in Xero? Don't you find an accounting software promoting automation asking for manual workaround ridiculous? Did the support rant daily to you guys how many tickets come to them daily because of whatever function gone?

    We are now wasting couple of minutes going back to the currency section and manually type whatever rate used for each currency for each reporting month.

    How long do we have to wait until an implementation?

  • Wendy Wharrier commented  ·   ·  Report

    This is a very important for us as the rate also feeds other software that we use within our company. Please bring it back.

  • Vinay Sonchhatra commented  ·   ·  Report

    It really does not make sense this was removed. It was particularly useful when providing and going through management accounts with our clients. They too are noticing its absence.
    Not having this on the new balance sheet is very not helpful for businesses with assets and liabilities in foreign currencies. Often these are group companies with overseas parent's or subsidiaries so the exchange rate used is critical.
    It's return will be greatly welcomed.

  • Rob McCulloch commented  ·   ·  Report

    Absolutely vital for our organisation that this information is reinstated. Not only Balance Sheet but also on the Sales and Purchase Ledgers.

  • Paul McKay commented  ·   ·  Report

    If this feature could be added again please, it was really useful in terms of management accounts

  • Sarah Marshall commented  ·   ·  Report

    It really does not make sense this was removed. It was particularly useful when providing and going through management accounts with our clients. They too are noticing its absence. It's return will be greatly welcomed.

  • Brian Mason commented  ·   ·  Report

    Not having this on the new balance sheet is very unhelpful for businesses with assets and liabilities in foreign currencies. Often these are group companies with overseas parent's or subsidiaries so the exchange rate used is critical

  • James Bolger commented  ·   ·  Report

    Please reinstate this very useful feature. Thank you.