Settings and activity
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76 votes
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Natalie Katsman
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1 voteNatalie Katsman
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178 votesNatalie Katsman
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312 votes
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.
Natalie Katsman
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69 votes
Thanks for the added detail, everyone. It's good to be able to share this detail back with our teams.
Appreciate why Bank Rules won't help for cash accounts and where you don't have a bank feed coming into the account.
Being open, this isn't something we have plans for changing in the short-term. We'll leave the idea open for our product team to continue considering how we could improve efficiency in some of the situations you've described. If there are any updates we'll share this with you all here.
Natalie Katsman
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124 votesNatalie Katsman
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42 votesNatalie Katsman
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Keeping bank memo is very important to make sure rule should still be applied to a particular transaction, transaction didn't fall under a wrong rule, and the rule itself was created correctly. Once applied, you no longer can tell if the application was correct without seeing bank memo.
QuickBooks keeps bank memo. I find seeing it extremely useful when reviewing client bank activity and my team's coding.