Settings and activity
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397 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…
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Jay Houghton
commented
this is a basic requirement of any accounting system, if Xero can't do the basics why trust it with anything?
Jay Houghton
supported this idea
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54 votes
An error occurred while saving the comment Jay Houghton
commented
This has been outstanding for 10 years, the EU is clearly not of high importance to Xero, and is not fit for purpose for the EU market.
Jay Houghton
supported this idea
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Its 2024, over the past 5 years the world has developed several covid vaccines, mankind is worrying about the progress of AI, the UK has exited the EU, Russia invades Ukraine, tension and hostilities rise in the Middle East, India overtakes China as the populous country on earth, India and China are also in the space race, alongside Bezos, Musk and Branson, and flared trousers and Blink 182 are making a comeback.
Meanwhile..... Xero still can't post manual journals in multiple currencies, and says its not a priority despite everyone asking for it