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  1. Chart of Accounts - Ability to assign Foreign Currency to an account

    42 votes

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    submitted  ·  11 comments  ·  For small businesses » Accounting features  ·  Admin →
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    Anthony Bradshaw supported this idea  · 

  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.

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    Anthony Bradshaw commented  · 

    The whole FX area of Xero needs to be revamped by providing currency journals and a significant improvement in the number of reports and the data in the reports. The right-hand column in the FX report is just rubbish.

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    Anthony Bradshaw commented  · 

    That is very critical but also some detail to back up the Bank revaluation account

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    Anthony Bradshaw commented  · 

    The Bank Revaluation account becomes Rubhish without them

    Anthony Bradshaw supported this idea  ·