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'Multicurrency - Adjust base currency' has been merged into this idea

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Organisation settings - Change base currency

It is remarkably convoluted to change the base currency even when no transactions have been posted. It only seems to be possible by cancelling the subscription and starting again. I rely on clients purchasing the software and it is not unknown for them to enter an incorrect base currency. I have used other systems where changing the base currency is very quick and easy. I suggest you make this a little easier.

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Andrew Ramage shared this idea  ·   ·  Report…  ·  Admin →
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  • Neil Cope commented  ·   ·  Report

    I have the same problem - no transactions and when loading the first bill it comes up in NZD with no GST. I have tried multiple ways to try and change this and failed. It is very frustrating.

  • Walter Jalakasi commented  ·   ·  Report

    I am having the same scenario. I need to change my base currency before I can go live. Has the issue been sorted out now by Team Xero?

  • AI WEE CHONG commented  ·   ·  Report

    As an advisor and Xero Partner, I would like to raise awareness of a significant limitation within Xero’s platform regarding changes in functional currency.

    Currently, if a company changes its functional currency, Xero requires users to create a new organisation with the new base currency. This presents serious challenges for advisors and clients, especially when trying to maintain continuity in financial records.

    This inflexibility may hinder the ability to onboard clients who require this functionality, as it can be a difficult proposition to migrate all data to a new organisation.

    I am bringing this to the attention of the broader Xero community and the Product Team to emphasise the importance of implementing base currency modification functionality, and I strongly urge the Xero Product Team to consider enabling the option to amend the base currency within an organisation, to accommodate such scenarios and improve long-term usability of the platform.

    Let’s vote and support this improvement to make Xero more adaptive and user-friendly for global businesses.

  • Farai Kudenga commented  ·   ·  Report

    Can Xero do something about Changing the base currency, this is crucial for small entities operating in countries where currency is uncertain and businesses may need to change base currency from one business to the other.

  • Johnie Orias commented  ·   ·  Report

    please change our based currency, from php to aud

  • Jordan Baas commented  ·   ·  Report

    Having reporting / base currency of reports that is different to the country in where Xero has been setup.