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

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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.

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    Mark Jayasinghe commented  · 

    I'd really like to see this feature incorporated into Xero....I currently have an asset denominated in another currency (a convertible note) and as this has now converted I need to move it to an Invesment account....it seems I can't journal in another currency or create an asset account in another currency (either would do)...Xero....lot's of people asking for this one and even if manual journals in FX isn't such a straightforward development, I would have thought an account denominated in a foreign currency isn't so difficult (as you have this already.....)