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580 votes
Hi everyone, thanks for continuing to share feedback about paying multiple bills in foreign currencies with us here.
As mentioned in my last update UK organisations can use our online bill payments solution with Crezco to pay international suppliers.
UK businesses can now use open banking to pay suppliers in 180+ countries, including in EUR, USD and AUD, either individually or in batches. Payments can be prepared by a team member, authorised and tracked in Xero.
To share further progress in the US we've launched online bill payments through Melio, which includes ACH and international or cross-border payments.
We've also launched a bill payments solution for AU with AirWallex that's currently in early access. This doesn't yet support paying in foreign currency however this functionality is high on our radar as we continue to develop this experience.
We’ll continue to share progress as the further regional capabilities develop. Thanks
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Rakesh Latchana
commented
There is a way of doing this - import the bank statement line item with the payment; then match to all the relevant transactions. Ensure you select all the relevant transactions as the exchange rate will be calculated based on what you select.
An error occurred while saving the comment Rakesh Latchana
commented
I found a workaround for recording a batch payment of bills in a foreign currency. Instead of selecting the Bills to Pay and then using Batch Payment from the Bills area, go to your Reconcile Account screen for the bank account, find the payment from your imported transactions, select match, unclick the 'Show *** items only', use the search field to find and select the various bills, then click OK.
Warning: If there is a difference between the total of the bills selected in local currency and the payment, the difference will get posted to realised currency differences. So you need to ensure that all the bills were correctly selected.
Rakesh Latchana
supported this idea
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11 votesRakesh Latchana
supported this idea
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I use the Bank Reconciliation Screen to apply a single payment (in any currency) to bills (even in a different currency). Just need to be careful that you're watching the exchange rate.