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  1. Xero Expenses - Ability to edit exchange rate

    36 votes

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    11 comments  ·  For small businesses » Business features  ·  Admin →
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    Gaining Support  ·  AdminKelly Middleton (Admin, Xero) responded

    Thanks for sharing your idea, and letting us know that you would like to be able to enter your own exchange rate for your expenses.

    We've reviewed your idea and now it's up to the community to get behind and support it. Make sure you share your idea with any colleagues that this could benefit so they can add their vote too!

    An error occurred while saving the comment
    Dominic Parker commented  · 

    Currently, if a credit card company converts a FOREX transaction for you, you are invoiced in the foreign currency but are unable to match the expense to the correct base currency value because XERO prevents you from editing the exchange rate.

    i.e.
    An employee spends $15 USD on their credit card and expenses it as such.
    Credit card company statement reads £12 GBP which you must repay.

    Xero converts the $15USD to GBP at their rate saying the transaction is £13GBP, yet there is no way currently to edit the exchange rate to match the payment to the £12GBP which was actually spent.

    Dominic Parker supported this idea  ·