Multicurrency- Batch payments of Foreign Currency Bills.
Batch payments of Foreign Currency Bills.
Dear Xero,
Please consider the feature of being able to batch up foreign currency Bills. We often pay multiple invoices in one go, having to reconcile and mark as paid 10 invoices is extremely time consuming.
Hi everyone, thanks for continuing to share feedback about paying multiple bills in foreign currencies with us here.
As mentioned in my last update UK organisations can use our online bill payments solution with Crezco to pay international suppliers.
UK businesses can now use open banking to pay suppliers in 180+ countries, including in EUR, USD and AUD, either individually or in batches. Payments can be prepared by a team member, authorised and tracked in Xero.
To share further progress in the US we've launched online bill payments through Melio, which includes ACH and international or cross-border payments.
We've also launched a bill payments solution for AU with AirWallex that's currently in early access. This doesn't yet support paying in foreign currency however this functionality is high on our radar as we continue to develop this experience.
We’ll continue to share progress as the further regional capabilities develop. Thanks
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Cody Herdman
commented
Please add - would be a very useful feature and massive time saver!
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David Campbell
commented
this is needed, most companies in Australia need to deal with foreign companies
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Josh Lemon
commented
Without this feature, it kind of makes using Xero useless when you have foreign suppliers.
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Muthu Maruthupandi
commented
This feature is very important to deal business with multiple countries, Please make this feature available asap? thanks!
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Sonya G
commented
For years, this has been requested but it seems all Xero is interested in is looks. Making the reports look better, making the appearance of existing functions look nicer... don't hold your breath.... I've had several clients leave Xero because of this functionality missing. This is not a new software and if you are going to offer multi currency, it should have ALL the features available for multi currency too.
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Dominic Buttery
commented
Need this now or I'm moving accounting systems
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Gavin Lill
commented
It is crazy that we cant send a professional remittance advice to our suppliers from the system. Even if a bank import file is not generated, at least the ability to group some transactions, mark as paid and send a remittance advice. Currently have to type this up on outlook at send
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Angela Mac Carthy
commented
Essential functionality for multi currency businesses. Please make this happen Xero
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Fiona Carson
commented
We make large amounts of batch FX payments, and operate in multiple currencies. This functionality would make no end of difference to our business, and the operation of the finance department on a day to day basis
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Fang Huang
commented
Essential functionality for multi currency businesses. Please make this happen Xero
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Rennae Baker
commented
Essential functionality for multi currency businesses. Please make this happen Xero
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Luke Irving
commented
Essential functionality for multi currency businesses. Please make this happen Xero
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Rosie Cooper
commented
This is crucial for our larger clients - please Xero
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Laura Taylor
commented
This would be a big deal for us, we sometimes have multiple payments to foreign suppliers and having to seperately mark each one as paid and send individual remittances is causing problems with payments being allocated incorrectly.
This seems like such a basic tool, especially when working with both GBP and Euro bank accounts.
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Natalie Cummings
commented
Clients paying for multi-currency xero and it doesn't have the basic feature of batch payments for other currency. Come on xero! Looking at the list of frustrated users, isn't it time to sort this out?
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Diana Dineva
commented
This and it will save so much time to many of us. Please Xero team sort it out
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Dayo Adeyemi
commented
Multicurrency software should be able to produce:
1. Batch remittances for foreign currency, same as exists with base currency.
2. Aged debtors and creditors reports in the currency in which the bills/invoices were created.
Not sure why XERO can't provide this, and why you need users to "share and support ideas for change" or to make a special requests for a basic level of functionality which should have existed by default.
We signed up to the XERO multicurrency software in 2017, almost 7 years ago, and if this functionality did not exist then, what are the chances of this being included within this year - 2024?
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Michelle Samson
commented
This is critical for our organization and clearly many others.
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Angus Adams
commented
Hate to beat a dead horse on this issue. But yeah, sort it out please!
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Jonathan Phillips
commented
Without this feature Xero is not a viable option and we are going to be looking at alternative software providers.