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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.

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Chris Frankland shared this idea  ·   ·  Report…  ·  Admin →
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In development  ·  AdminKelly Munro (Community Manager, Xero) responded  · 

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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  • Gergana Mladenova commented  ·   ·  Report

    As I can see from the previous comments it is an issue which most of us are experienced from . Most of the companies today using different currencies and converting currencies every single day so please Xero support listen to people who are in the business.

  • Zachary Mariner commented  ·   ·  Report

    Another basic feature which Xero doesn't have in 2023, not having this feature makes our processes for foreign currency bills very complicated.

  • Sarah Lumb commented  ·   ·  Report

    I have moved my main business back to Zoho because there has been no engagement from Xero on this issue.

    There are many good points to Xero and if developers were listening it could be incredible.

    Batch payments in foreign currency was a deal breaker for me.

  • ISAAC MA commented  ·   ·  Report

    This is ridiculous. I'm a new victim unfortunately.

    It is very interesting to know what accounting software does Xero currently use?

    I don't believe they use Xero as it can't handle foreign currency transactions by a batch payment. Yeah yeah yeah!!!

    Please tell us what accounting software you are using, then we all switch to that!!!!!!!!!

  • Dawn Burt commented  ·   ·  Report

    Book keeping programs are supposed to save time. this is almost a deal breaker

  • Nigel Clark commented  ·   ·  Report

    Xero don't appear to be listening, i see probably 1 complaint a week about this since i complained back in july but still nothing is done.
    Perhaps it is time to change to a listening company!

  • Christina Farrugia commented  ·   ·  Report

    Absolutely ridiculous that this function is not available. Every month we have approx 100 invoices that we pay in 1 payment and to individually allocate the payment to each bill seems like we're back in the 90's. PLEASE XERO, make this function available. It seems a lot of users are having the same issue, why is it not a priority?!

  • Kelly Britton commented  ·   ·  Report

    Really surprised this is not already a function bearing in mind the amount of online multi currency retail transactions that take place. I have hundreds of supplier invoices that I will now have to allocate payments against individually. Doesn't make a strong case when I am trying to encourage my client base to use Xero

  • Helen Chandler commented  ·   ·  Report

    I can’t believe that after all this time that users who pay for the multi currency xero package still don’t have full functionality as offered by other software. Xero have really surprised me with their lack of interest in this.

  • Candice Hanna commented  ·   ·  Report

    As we often receive multiple invoices from same supplier it would be extremely helpful to be able to batch payments. it is very tedious to have to enter in all individually

  • accounts admin commented  ·   ·  Report

    We do 15-25 payments in USD all at once and its a very tedious task to go into each one and mark it as paid and add the same echange rate to each and every one.

    We should be able to batch pay them and enter in 1 exchange rate and 1 date for them.

    Thanks

  • Nicholas Combrinck commented  ·   ·  Report

    I pay for the multi currency xero package - I expect to get what I pay for

  • Nigel Clark commented  ·   ·  Report

    Not at all happy with the response, i pay for a premium service so expect the full benefit of a premium service which includes the foreign currency. I should not have to go round the houses to achieve the end goal, i pay for it to make my life easier.

  • Helen Chandler commented  ·   ·  Report

    Very disappointed with Xero's lack on interest on such a fundamental task. Work rounds are very time consuming and open to error. Why would an international accounting software provider selling a module to include currency function not get the reports for this working seamlessly. Not happy and actually embarrassing having to explain to clients the issues, when I sold Xero to them as the best in business!

  • Martyn Coffey commented  ·   ·  Report

    This is a basic function!! How on earth is this not available yet. We have recently done a conversion for a client from Sage who are now imediately reverting back due to the lack of this function. They pay multiple foreign currency invocies and send remittances however, Xero cannot do this without messing about. Awful.

  • Hitesh Timbadia commented  ·   ·  Report

    why would foreign currency batch payments not be allowed? there seems to be no logical reason.
    At the very least, you can limit foreign currency batch payments to made from bank accounts with the same foreign currency !

  • Carolina Perisse commented  ·   ·  Report

    If a suitable solution for handling multiple foreign currency bills is not available, we will be left with no choice but to pursue an alternative system. This requirement holds paramount significance for us as it directly impacts our ability to efficiently manage the regular inflow and outflow of international bills. Therefore, it stands as a crucial necessity for the smooth operation of our business.

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