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

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    73 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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    Hamaguchi Mikihisa commented  · 

    I record transitional accounts in a currency different from the reporting currency.
    When I receive a deposit in a foreign currency, the transitional account must be reversed.
    I then have to calculate the foreign exchange gains and losses separately, which is very difficult.
    Please implement this as soon as possible.