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  1. Reconciliation - Foreign payment from foreign currency (different)

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    submitted  ·  9 comments  ·  For small businesses » Accounting features  ·  Admin →
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    Melissa Domingo commented  · 

    Initially, creating bills other than the base currency, and paying it with a different currency is not available in Xero, even when the other currencies are properly added in the settings.

    For example:
    base currency- GBP
    bills - AED
    Payment - EUR using EUR bank account.

    To resolve this, you have to use a suspense account. But this is a tedious process.

    I hope Xero can do something to enable payment in a different currency for this case.

    Melissa Domingo supported this idea  ·