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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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    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  ·