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  1. Invoices/Bills - Separate field for posting date and invoice date

    257 votes

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    106 comments  ·  Purchase orders, bills & inventory » Bills  ·  Admin →
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    Not in pipeline  ·  AdminKelly Munro (Community Manager, Xero) responded

    Hi community, we understand there are differing needs in this idea for why you’d like a separate posting date alongside the invoice or bill date. Whether it’s for reporting, compliance, or just a more accurate view of when things happened.

    While this has been carefully considered, we want to be transparent with everyone here, that this is not something we have plans for developing in the near term.

    We know given the interest in this that this is not the update you’re hoping for, and please know that we’ll continue to track votes this idea receives for future consideration. We’ll keep you posted if things change down the line.

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    Dan Evison commented  · 

    With accrual accounting we need to account for expenses in the period they were incurred, not invoiced.
    This seems to be a fundamental requirement missing from Xero.
    It would be great to hear from the Xero team about whether there is a workaround or a plan to release this feature.

    Dan Evison supported this idea  · 

  2. Multicurrency- Batch payments of Foreign Currency Bills.

    546 votes

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    194 comments  ·  Purchase orders, bills & inventory » Paying bills  ·  Admin →
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    In development  ·  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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    Dan Evison commented  · 

    We have multiple suppliers in a different country where batch payments often occur. Having these supported in Xero would be valuable. Thanks.

    Dan Evison supported this idea  ·