Settings and activity
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34 votes
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Tony Greaves
commented
For anyone that needs to transact, and to maintain balances in multiple currencies, having multi-currency available as an add-on option to the Starter plan would be a very attractive feature.
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59 votes
Hi everyone, thanks for voting and sharing your feedback here.
From the Contacts page you can already click the quick link to the official ABN lookup page to verify a number yourself. Our product team have reviewed the commentary here and appreciate that the ability to do this from within Xero would enhance the process, however at this stage there are no firm plans or timelines surrounding this. As always we'll be sure to return here if there's more news to share 📢
An error occurred while saving the comment Tony Greaves
commented
Expand this idea to include similar functionality for the NZBN (using the NZ Companies API ?)
Although I initially supported this Product Idea, and personally both subscribe to a M/C plan and operate foreign-domiciled bank accounts, I have learned through experience and the wisdom of others that it is not necessary to have the multi-currency functionality in order to reconcile FX Spend/Receive money transactions that arrive via a base currency bank feed... or to specify the currency of an invoice to be issued. If cost is an issue, it is important to determine whether your use-case REALLY requires M/C. We also need to acknowledge that the "real-time" exchange rate functionality that M/C provides comes via XE.com, and that Xero have to pay for this.