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  1. Chart of Accounts - Ability to assign Foreign Currency to an account

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    21 comments  ·  Banking & chart of accounts » Chart of Accounts  ·  Admin →
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    Accepted  ·  AdminKelly Munro (Community Manager, Xero) responded

    Thanks for support in this idea, everyone.

    We can see the benefit being able to associate a currency to an account could would have for customers in helping keep transactions consistent in their source currency.

    This isn’t currently on our roadmap, but it’s something our team will consider as they plan the future of multi-currency across Xero.

    We’ll keep an eye on the feedback here and make sure to share if there are any updates, with you all.

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    Rob Hollingsworth commented  · 

    It should be possible to open balance sheet accounts in foreign currencies so suppliers / customers accounts in foreign currencies can be posted to these. This would then give a consolidated view of how much is owed in each currency. Of course, on the balance sheet itself the values would be restated back to the base currency, but having foreign currency AP/AR accounts would make sure you can manage those currencies better. I know that QuickBooks has this functionality.

    Rob Hollingsworth supported this idea  ·