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102 votes
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Brad Reynolds
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312 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.
An error occurred while saving the comment Brad Reynolds
commented
So, according to your Xero article here:
we should be having a "beautiful, seamless experience in multi-currency reporting".
So, why is it, then that, FOUR YEARS after that article was written and NINE (YES, NINE!) YEARS after someone first asked for it, we are still waiting?
Stop spending time on staff meetings and focus groups to work out what shade of teal a button should be or if that button should be a bit more to the left or the right and spend it, instead, on things that actually matter to the people who are paying you to care.
Brad Reynolds
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134 votesBrad Reynolds
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An error occurred while saving the comment Brad Reynolds
commented
I work in an accounting business. We only lodge a tax return once the invoice is paid with the lodgement process performed by the accountant who prepared the return.
The accountant would like to know when the invoice is paid without having to go into accounts receivable every day to see if their clients have paid yet.
This is a basic BASIC thing that is very much standard in other accounting packages (as are most requests in here). Get to it!
As a tax accountant preparing financials for farmers - this is a pretty basic report. If Xero wants to hold itself out as being useful to accountants, providing basic reports should be a part of the deal.