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  1. Manual Journals - Import as tax inclusive

    12 votes

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    4 comments  ·  For small businesses » Accounting features  ·  Admin →
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    Phillip Gordon commented  · 

    I agree - but would add in the 'No Tax' option as well, not just inclusive and exclusive. It could just be another field on the journal import as obviously the 'Tax Defaults' don't seem to do anything at the moment for these imports

  2. Manual Journals - Journal in foreign currency and see FX rate on journal

    267 votes

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    63 comments  ·  For small businesses » Accounting features  ·  Admin →
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    submitted  ·  AdminKelly Munro (Community Manager, Xero) responded

    Hi community, first off thank you for contributing and detailing why posting manual journals in a foreign currency is of interest to you all.

    We appreciate our customers would like to see more capability in accounting for and dealing in foreign currencies across Xero.

    In it's current form Manual Journals are a part of Xero that require some upgrade to uplift technology in order to provide capability for ideas like this to be considered. We have intentions of bringing attention to this over the coming year, however getting this done first is necessary before we can even think about adding newer functionality like journaling in another currency to the mix.

    To set the expectation here, there is no work planned over 2023 for this feature. We know it's of high interest and when we're in a place to reassess we will share with you here.

    Phillip Gordon supported this idea  · 

  3. Multicurrency - Support for new currencies & Bitcoin

    109 votes

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    44 comments  ·  For small businesses » Settings & user roles  ·  Admin →
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    submitted  ·  AdminMark Blundell (Admin, Xero) responded

    Hello I am the product manager for the group within Xero which looks after the currency capability.

    I follow the digital currency space closely, I find it incredibly interesting both sociologically as well as technically. However as a product manager my role is to ensure that my engineering group works on the things that create the most value, for the most people, and in alignment with the company's long term goals and aspirations.

    Digital currencies continue to have an extremely passionate, but also extremely small group of users who want to see them handled in Xero. The cost remains very high for us to deliver this feature, and does not make a difference to enough peoples lives to justify that investment. There are a lot more touchpoints than many people appreciate to implement crypto properly. Huge decimal precision, UX, currency rate feeds, revaluation logic, reporting - all need changes to…

    Phillip Gordon supported this idea  ·