Allow Multi-Currency Reconciliation Across Different Invoice & Payment Currencies
Currently, when a supplier invoice is recorded in one currency (for example, INR) but the payment is made from a foreign-currency account (such as USD), it can be difficult to reconcile the transaction smoothly. It would be very helpful if Xero allowed reconciliation of a payment made in USD directly against an INR supplier invoice, with automatic handling of exchange rates and clear tracking of any realised currency gains or losses.
This feature would be especially valuable for businesses working with international vendors and multi-currency bank accounts, as it would reduce manual adjustments and improve reconciliation accuracy.
Sarthak Doshi
shared this idea
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Helga Flahive
commented
We have similar situation, where base currency is in euro, invoices are in foreign currency such as gbp and payments are made from usd and we will need to use clearance accounts to convert these which make its difficult to work and time cosnuming