Skip to content
← For accountants & bookkeepers

Enter your idea

For accountants & bookkeepers: Xero HQ

Categories

(thinking…)

Multicurrency - Process multi-currency transactions without using suspense account

Initially, creating bills other than the base currency, and paying it with a different currency is not available in Xero, even when the other currencies are properly added in the settings.

For example:
base currency- GBP
bills - AED
Payment - EUR using EUR bank account.

To resolve this, you have to use a suspense account. But this is a tedious process.

I hope Xero can do something to enable payment in a different currency for this case.

10 votes

We're glad you're here

Please sign in to leave feedback
Signed in as (Sign out)
Close
Close

We’ll send you updates on this idea

Melissa Domingo shared this idea  ·   ·  Report…  ·  Admin →
How important is this to you?

We're glad you're here

Please sign in to leave feedback
Signed in as (Sign out)
Close
Close

We're glad you're here

Please sign in to leave feedback
Signed in as (Sign out)
Close
Close
Submitting...
An error occurred while saving the comment
  • Tercy Gallos commented  ·   ·  Report

    Totally agree!! This should be a basic feature available for users. Hope more can support this idea to bring it forward.

  • SUN JACKY commented  ·   ·  Report

    Strongly agree on this!

    Nowadays it is very common that companies having multiple bank accounts i in different currency + making payment for multiple currency bill from the bank account whichever has sufficient fund. If Xero does not allow us to do direct positing, I think Xero is outdated and will lose the customers since more and more companies are doing international business.