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

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    79 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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    Sonya-Rose Bremnes commented  · 

    I have completely lost hope of this ever happening, lost trust in Xero's ability to listen to its users and their functionality concerns, and no longer use Xero for my clients. This has been very disheartening to watch the past few years. This request was first submitted in 2014. That was TEN YEARS ago. There has been NO RESOLUTION.

    Xero Product team - WHY ON EARTH are you ignoring your users that actually want to use your product, and are now being turned away to find other solutions as you won't engage with us about critical functionality? This is absurd. I have been monitoring this thread for years.

    I think I'm finally going to disable the notifications for new comments because now they just make me sad.

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    Sonya-Rose Bremnes commented  · 

    Shocked this has been an "idea" since April 2014.... 9 years almost to the day. I can't imagine this is that difficult to code?! Yet would make a HUGE difference in being able to post both individual and recurring entries using the current spot FX rate. I have switched clients from QBO to Xero specifically for the better overall multicurrency functionality and reporting, however this is a glaring FX problem that seems to be continually ignored.

    Sonya-Rose Bremnes supported this idea  ·