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.
Andrew Ramage
shared this idea
-
AI WEE CHONG
commented
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
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
please change our based currency, from php to aud
-
Jordan Baas
commented
Having reporting / base currency of reports that is different to the country in where Xero has been setup.