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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.

9 votes

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Melissa Domingo shared this idea  ·   ·  Report…  ·  Admin →
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  • 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 If Xero does not allow us to do direct positing, I think Xero is outdated and will lose the customers since more and more companies are doing international business.