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

    265 votes

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    61 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.

    Jason Antill supported this idea  · 
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    Jason Antill commented  · 

    Simple example we have a USD intercompany loan in an AUD base currency file.
    We take up accurals for interest.
    I'm guessing my work around is to setup a Bank Loan in US$

  2. Bills - Ability to allow multiple users in Xero to approve bills

    91 votes

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    submitted  ·  41 comments  ·  For small businesses » Business features  ·  Admin →
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    Jason Antill commented  · 

    Yes very useful for us. I don't want approvers though having access to bills approved. Maybe only the ones they approved.
    I would set a default on the supplier profile for who is the approver. Or a role based profile for Marketing, Manufacturing, Admin etc.

    Jason Antill supported this idea  ·