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7 votes
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Mike Watts
shared this idea
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398 votes
Hi everyone, thanks for all your feedback and highlighting the need for multi-currency manual journals, and being able to see the FX rate directly in the journal.
We understand the needs in this space have close ties with this idea for being able to journal to bank accounts, and this is something we have intentions of doing deeper discovery around in the longer term. However, we want to be upfront that this work isn't roadmapped right now.
Though we appreciate not the straight forward approach that you’re after here - currently you can create the journal via a bill in the relevant foreign currency. Entering positive and negative lines for the debit and credit entries, which results in a 0.00 bill total once approved. The bill lines are converted to your organisation’s base currency using the bill’s FX rate, and the transaction won’t revalue.
As soon as there's movement…
An error occurred while saving the comment Mike Watts
supported this idea
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This was an issue for some of our clients over 12 years ago when we first started using Xero, it's a shame that Xero as an international accounting solution does not deem the issue important enough to resolve. Another work around is to post a journal as a purchase invoice in the source currency to the required nominal code, and then raise a credit note to the contra entry, albeit a work around that should be required