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132 votes
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Brad Reynolds
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408 votes
Hi everyone, thanks for all your feedback and highlighting the need for multi-currency manual journals, and being able to see the FX rate directly in the journal.
We understand the needs in this space have close ties with this idea for being able to journal to bank accounts, and this is something we have intentions of doing deeper discovery around in the longer term. However, we want to be upfront that this work isn't roadmapped right now.
Though we appreciate not the straight forward approach that you’re after here - currently you can create the journal via a bill in the relevant foreign currency. Entering positive and negative lines for the debit and credit entries, which results in a 0.00 bill total once approved. The bill lines are converted to your organisation’s base currency using the bill’s FX rate, and the transaction won’t revalue.
As soon as there's movement…
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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203 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.