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412 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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Robyne Dole
supported this idea
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580 votes
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
An error occurred while saving the comment Robyne Dole
commented
This would save a lot of time
Robyne Dole
supported this idea
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94 votes
Hi community, we really value all feedback that has been shared through this idea to help our product teams understanding of the needs here.
Enabling this capability has been closely considered and we understand the importance of this feature for customers that make monthly PAYG income tax instalments.
However, we want to be upfront that this work has not been roadmapped yet.
This will continue to be a feature raised in our product teams regular planning sessions and I'll be sure to share if there are any updates on this, here. Thanks
An error occurred while saving the comment Robyne Dole
commented
It would great to have this one included
Robyne Dole
supported this idea
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manual journals to have the ability to select what currency you want them entered would be a game changer