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  1. Multicurrency- Batch payments of Foreign Currency Bills.

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    173 comments  ·  For small businesses » Accounting features  ·  Admin →
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    working on it  ·  AdminKelly Munro (Community Manager, Xero) responded

    Hi team, appreciate wanting an update - I'm pleased to share the beta went well and we've now launched international bill payments for our UK customers, making it easier to pay overseas suppliers.

    Using open banking, UK businesses can now securely send money to 180+ countries including Europe (EUR), America (USD) and Australia (AUD). So you don't have to juggle multiple platforms or hidden fees. Whether you're paying a single bill or multiple bills at once, you can authorise payments prepared by your team and easily track which suppliers have been paid.

    We’re committed to new ways to expand our bill payments feature for small businesses and their advisors in other regions by leveraging new technologies, where available. I'll keep you updated of any further developments for this, here.

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    Nicola Droogmans commented  · 

    I'm really disappointed this is not an option. We have received EUR payments into our EUR bank account that pay up to 1000 invoices at once. I have spent up to 5/6hours allocating one payment, just so that it will crash on me a few minutes from the end of the allocation. I can't afford to waste time like this, especially as the task is back to square one as I can't complete the allocation. What other solution is there?

    Nicola Droogmans supported this idea  ·