Settings and activity
2 results found
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54 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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67 votes
Hi everyone, thanks for taking the time to share your thoughts on ABN verification. We really appreciate you explaining how this could make it easier to stay compliant and simplify your daily workflows.
Right now, you can use the quick link on the Contacts page in Xero to open the official ABN Lookup site and check details manually. We understand this isn’t the fully integrated solution you’d prefer, but it’s the option currently available for verifying contact information.
Our product team has continued to review this idea, however it’s not something we’re planning in the near future. The idea will stay open for votes, and we’ll keep tracking interest here. If anything changes, we’ll post an update in this thread.
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.