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19 votes
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Andreas Scriba
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188 votesAndreas Scriba
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82 votesAndreas Scriba
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383 votes
Hi everyone, thank you for all the interest and we appreciate the needs for those using foreign currency to have more efficiency in how you process these bills for payment. Your feedback and votes here have not gone unnoticed - We have a team that have been doing some ground work in this space and at this time we have beta that we'd like to invite any UK customers to join and feedback to our team on the experience. If you'd like to be a part of this please fill in our form here and we'll be in touch.
We appreciate this idea is farther reaching than UK alone and while the beta is limited to this region for the time being, based on results we will look at expanding this to other places.
We'll keep you updated of further developments here.
An error occurred while saving the comment Andreas Scriba
commented
Hi Xero Community Team,
Do you mind giving an update here? Been following this thread for a few months and am yet to hear any reaction, unless I missed something.
Does anyone know how we can escalate this to at least get some sort of response, albeit a negative one.
Andreas Scriba
supported this idea
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An error occurred while saving the comment Andreas Scriba
commented
The split between the treatment and process of local versus foreign bills is causing lots of frustration for our clients. They would like to be able to follow the same process for all their bills. They rely on the batch payment facility for all their local bills. However, it has happened on several occasions now that bills were double paid, due to the fact that the bank statement had not been imported and reconciled because the bank has two factor authentication so we cannot use bank feeds. This is a big operational problem for AP management.
We have a large group of companies that have their accounting records set up in Xero. We run standard reports for their board meetings directly from Xero but the directors cannot tell the functional currency on the reports. At least when you run the new reports in a different currency to the base currency, the currency is shown. This, however, is not the case if you run the report in the base currency. We have had to manually amend the reports and waste time because this basic financial reporting feature is missing. How would you omit this from any financial report if it is standard practice to indicate the currency on any financial document world wide?