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  1. Organisation Settings - Setting up a UK company with a non-GBP base currency

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    2 comments  ·  For small businesses » Settings & user roles  ·  Admin →
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    under review  ·  AdminKelly Munro (Community Manager, Xero) responded

    Hi Jonathan, when you say presentational and functional currency is USD - does the organisation pay taxes in the US? If so it would be recommended that you pick US when setting up the org. 

    Alternatively, if US is one of the currencies that the org regularly deals and transacts in but pays taxes in the UK it would be recommended that you select UK and the client is on an org that includes multi-currency in it's plan. 

    We appreciate customers would like to see more capability with currency in Xero - most recently we have added the ability to run the newer Profit & Loss, Balance Sheet and Budget Variance reports in other currencies an org uses.  

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    Marise Heydenrych commented  · 

    This is very important functionality for European companies with a UK subsidiary where they prefer to have a Euro functional currency. We see this quite often. Xero, please make a plan.

    Marise Heydenrych supported this idea  ·