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819 votes
Hi community, thanks again for all the support and very honest feedback you’ve shared on this idea over the years.
We appreciate the manual steps to apply credits are time consuming, especially if you’re managing large volumes of these on a regular basis.
We'd like to share that we've now developed functionality that allows Xero to suggest relevant unpaid credit notes as matches when you’re reconciling. We’ll be releasing this feature slowly to all users over the coming weeks.
You’ll also be able to find and select Credit notes using Find & Match - Just make sure you tick "Show Received Items" (for spent statement lines) or "Show Spent Items" (for received statement lines) so the credit note appears in the list.
When you select a Credit note to Reconcile, Xero will create a cash refund against the credit note (rather than allocating the credit to a specific invoice automatically),…
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Selorm Klaye
supported this idea
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An error occurred while saving the comment Selorm Klaye
commented
Invoice credit note is in dollars. Funds debited from bank account is in sterling. Have to add a payment to credit note before it appears in bank rec. When trying to add a payment, have to enter exchange rate, rather than GBP amount, which means have to calculate an exchange rate to get back to the GBP amount in bank. Better to just enter GBP straight away.
Ideal solution for this issue is for credit note to just appear in bank rec so can match irrespective of currency (have added a vote to that idea).
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390 votes
Hi community, first off thank you for contributing and detailing why posting manual journals in a foreign currency is of interest to you all.
We appreciate our customers would like to see more capability in accounting for and dealing in foreign currencies across Xero.
In it's current form Manual Journals are a part of Xero that require some upgrade to uplift technology in order to provide capability for ideas like this to be considered. We have intentions of bringing attention to this over the coming year, however getting this done first is necessary before we can even think about adding newer functionality like journaling in another currency to the mix.
To set the expectation here, there is no work planned over 2023 for this feature. We know it's of high interest and when we're in a place to reassess we will share with you here.
Selorm Klaye
supported this idea
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9 votesSelorm Klaye
supported this idea
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An error occurred while saving the comment Selorm Klaye
commented
Ah yes, thank you @Rozalia. You are right. I was thinking the other way round, which is copying multiple invoices to bill. I will create a new idea as I can't amend this one.
An error occurred while saving the comment Selorm Klaye
commented
Ability to copy multiple bills into a new invoice. For a services company like an estate agent, that pays bills and then invoices the client for those bills.
Selorm Klaye
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164 votesSelorm Klaye
supported this idea
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14 votesSelorm Klaye
supported this idea
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It is bad enough that I have to 'add a cash refund' for the credit note to appear in bank reconciliation, but I also have to manually calculate and enter an exchange rate for each of the dozens of credit notes I have to add a cash refund for. It would be much easier to enter the amount received (which I know) rather than the exchange rate (which I don't know). Hopefully what is developed allows credit notes to be matched to refunds automatically across different currencies, as is the case for bills, etc.
And generally, whenever a currency conversion is required, please ask for the amount and not the exchange rate (as Xero does when a there is a transfer between bank accounts with different currencies.