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  1. Multicurrency- Batch payments of Foreign Currency Bills.

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    229 comments  ·  Purchase orders, bills & inventory » Paying bills  ·  Admin →
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    In development  ·  AdminKelly Munro (Community Manager, Xero) responded

    Hi everyone, thanks for continuing to share feedback about paying multiple bills in foreign currencies with us here.

    As mentioned in my last update UK organisations can use our online bill payments solution with Crezco to pay international suppliers.

    UK businesses can now use open banking to pay suppliers in 180+ countries, including in EUR, USD and AUD, either individually or in batches. Payments can be prepared by a team member, authorised and tracked in Xero.

    To share further progress in the US we've launched online bill payments through Melio, which includes ACH and international or cross-border payments.

    We've also launched a bill payments solution for AU with AirWallex that's currently in early access. This doesn't yet support paying in foreign currency however this functionality is high on our radar as we continue to develop this experience.

    We’ll continue to share progress as the further regional capabilities develop. Thanks

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    Dayo Adeyemi commented  · 

    Multicurrency software should be able to produce:

    1. Batch remittances for foreign currency, same as exists with base currency.

    2. Aged debtors and creditors reports in the currency in which the bills/invoices were created.

    Not sure why XERO can't provide this, and why you need users to "share and support ideas for change" or to make a special requests for a basic level of functionality which should have existed by default.

    We signed up to the XERO multicurrency software in 2017, almost 7 years ago, and if this functionality did not exist then, what are the chances of this being included within this year - 2024?

    Dayo Adeyemi supported this idea  ·