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  1. Chart of Accounts - Ability to assign Foreign Currency to an account

    66 votes

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    21 comments  ·  Banking & chart of accounts » Chart of Accounts  ·  Admin →
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    Accepted  ·  AdminKelly Munro (Community Manager, Xero) responded

    Thanks for support in this idea, everyone.

    We can see the benefit being able to associate a currency to an account could would have for customers in helping keep transactions consistent in their source currency.

    This isn’t currently on our roadmap, but it’s something our team will consider as they plan the future of multi-currency across Xero.

    We’ll keep an eye on the feedback here and make sure to share if there are any updates, with you all.

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    Asharaf Ali commented  · 

    I will fully support this change. Because of our company's trading is mainly in USD, we need to keep USD as our base currency. But, most of our other balance sheet accounts are still transacted in SGD. So, if we have option to keep opening balances of those accounts too in non-base currencies, we can handle accounts better.