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

    351 votes

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    88 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.

    Ted Thomas supported this idea  · 
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    Ted Thomas commented  · 

    No work planned over 2023. We are now heading into 2025. What is the current status?

  2. Multicurrency- Batch payments of Foreign Currency Bills.

    476 votes

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    173 comments  ·  For small businesses » Accounting features  ·  Admin →
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    working on it  ·  AdminKelly Munro (Community Manager, Xero) responded

    Hi team, appreciate wanting an update - I'm pleased to share the beta went well and we've now launched international bill payments for our UK customers, making it easier to pay overseas suppliers.

    Using open banking, UK businesses can now securely send money to 180+ countries including Europe (EUR), America (USD) and Australia (AUD). So you don't have to juggle multiple platforms or hidden fees. Whether you're paying a single bill or multiple bills at once, you can authorise payments prepared by your team and easily track which suppliers have been paid.

    We’re committed to new ways to expand our bill payments feature for small businesses and their advisors in other regions by leveraging new technologies, where available. I'll keep you updated of any further developments for this, here.

    Ted Thomas supported this idea  · 

  3. Client access to Report Templates

    78 votes

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    32 comments  ·  For accountants & bookkeepers » Xero HQ  ·  Admin →
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    Ted Thomas supported this idea  · 
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    Ted Thomas commented  · 

    Taking away functionality with the retirement of the Old Reports - being the Annual Financial Statements Templates breaks the golden rule of software licensing/subscription.
    Forcing entities to then go to Xero Partners and have them provide the service is nuts. And to say that we could produce them manually ourselves in the new Reportwriter is alkso nuts when dealing with many instances of Xero.