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Prepayment - Multi-currency

Ability to create a prepayment in a currency other than the organisations base currency

Purpose: Having a multi-currency prepayment option in Xero will make users’ who are dealing with customers that pay prepaid foreign currency accounts to their business easier.

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AdminXero Team (Admin, Xero) shared this idea  ·   ·  Report…  ·  Admin →
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  • Aleksej Michalik commented  ·   ·  Report

    All our suppliers receive prepayments in a foreign currency. This is a critical issue.

  • José De Bardi commented  ·   ·  Report

    Going to have to seriously consider other account software for my NINE companies if this can't be implemented soon. It is critical for businesses that trade globally.

  • Justine Waddington commented  ·   ·  Report

    We deal in multiple currency. In a global economy this is odd that XERO do not facilitate this feature.

  • Areg Hovhannisyan commented  ·   ·  Report

    This is Critical for most of the companies that are engaged in foreign trade. And it seems technically not hard to implement as the system is already there.

  • SURAN LAMA commented  ·   ·  Report

    What is the option available in the meantime?
    Prepayment in Foreign currency is a must for us.
    Cannot issue a sale invoice for goods that have not been delivered to the customer. Prepayment from customer to a sale invoice can be months. How can we record these prepayments in the meantime. BAS will be affected and so will PNL.

  • Paul Blick commented  ·   ·  Report

    Surely it is not that complicated - if you can show prepayments in a base currency account why on earth can't you do it in a foreign currency account!

  • Jaine Wills commented  ·   ·  Report

    Whilst not strictly speaking a prepayment, I need to record USD payments in advance (deposits to Chinese suppliers) that, ideally I can attach to the invoice which is only raised once the goods are received (many months later).

  • Catherine Freemantle commented  ·   ·  Report

    Yes please - don't want a holding account in the base currency, don't want an overpayment showing up on statements. Want a prepayment that doesn't show on outstanding report.

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