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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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    Victoria Banks commented  · 

    I agree. The lack of foreign bills functionality and inability to enter IBAN numbers/Swift/BIC in Xero means we are moving away from this database. Unfortunate because it has so many pluses but it cannot seem to fix this universal thing. What is the point in allowing foreign bills to be entered but you cannot pay them?

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    Victoria Banks commented  · 

    IBAN/SWIFT is a standard international bank account numbering system. Bank account/sort code is limited to the UK or maybe other countries too? Surely Xero should allow IBAN numbers be added. Isn't it a simple field change? Xero has done well to allow multi-currency invoices/bills but to have the ability to receive payments in at least Euros and US dollars (& any other major currencies) would really expand the XERO customer database!