Banking & chart of accounts

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1. Reconciliation - Auto match with foreign currency transactions

   Matching foreign currency transactions - Bills that have been approved in a foreign currency should be checked and matched against local currency transactions. These are very common in credit card transactions for online service subscriptions.

   Also, the default setting to only match to local currency should be removed, or the user should be able to chose the default setting.

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   4 comments  ·  Reconciliation  ·  delete…  ·  Admin →
   Feedback  ·  AdminDavina Roper (Admin, Xero) responded

   Thanks so much for taking the time to share this feedback 🙏 I appreciate how time-consuming it can be when foreign currency subscription payments need to be matched manually each month.

   To help us better understand this idea, and make sure the workflow is clear for our product team and for other customers who may want a similar process reviewed, could you share a bit more detail about how you're currently reconciling these payments?

   It would be especially helpful to know:

   • what type of account the payments are coming from, for example a business credit card or foreign currency bank account
   • whether the bills are created in the supplier's currency and paid from the same currency or a different one
   • what steps you're currently taking on the Reconcile tab, including whether you're using Find & Match, transfers, or a clearing account
   • where the process becomes manual or doesn't match as expected

   Any extra detail you can share will help us better understand the workflow and the changes that would make the biggest difference 💙

   Thanks so much for taking the time to share this feedback 🙏 I appreciate how time-consuming it can be when foreign currency subscription payments need to be matched manually each month.

   To help us better understand this idea, and make sure the workflow is clear for our product team and for other customers who may want a similar process reviewed, could you share a bit more detail about how you're currently reconciling these payments?

   It would be especially helpful to know:

   • what type of account the payments are coming from, for example a business credit card or foreign currency bank account
   • whether the bills are created in the supplier's currency and paid from the same currency or a different one
   • what steps you're currently taking on the Reconcile tab, including whether you're using Find & Match, transfers, or a clearing account
   • where the process becomes manual or doesn't match as… more