When creating an advanced invoice with multiple currencies (e.g., EUR invoice, USD base currency), the GST tax amount is converted into the base currency (USD) instead of being displayed in the tax reporting currency (SGD).
It would be helpful if Xero allowed users to set a tax reporting currency (e.g., SGD) independently of the base currency. This would ensure that GST amounts are displayed correctly in the tax reporting currency, simplifying the process for multi-currency transactions.
Example:
Invoice currency: EUR
Base currency: USD
Tax reporting currency: SGD
This change would eliminate the need for manual adjustments and ensure accurate tax reporting in the correct currency.
When creating an advanced invoice with multiple currencies (e.g., EUR invoice, USD base currency), the GST tax amount is converted into the base currency (USD) instead of being displayed in the tax reporting currency (SGD).
It would be helpful if Xero allowed users to set a tax reporting currency (e.g., SGD) independently of the base currency. This would ensure that GST amounts are displayed correctly in the tax reporting currency, simplifying the process for multi-currency transactions.
Example:
Invoice currency: EUR
Base currency: USD
Tax reporting currency: SGD
This change would eliminate the need for manual adjustments and ensure accurate tax reporting in the correct currency.