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79 votes
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Bobbie Kan
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125 votesBobbie Kan
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485 votes
Hi team, appreciate wanting an update - I'm pleased to share the beta went well and we've now launched international bill payments for our UK customers, making it easier to pay overseas suppliers.
Using open banking, UK businesses can now securely send money to 180+ countries including Europe (EUR), America (USD) and Australia (AUD). So you don't have to juggle multiple platforms or hidden fees. Whether you're paying a single bill or multiple bills at once, you can authorise payments prepared by your team and easily track which suppliers have been paid.
We’re committed to new ways to expand our bill payments feature for small businesses and their advisors in other regions by leveraging new technologies, where available. I'll keep you updated of any further developments for this, here.
Bobbie Kan
supported this idea
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Ability to:
Apply prepayments using a user-defined settlement date rather than auto-aligning with the invoice date.
Purpose:
To support real-world billing scenarios where an invoice is issued in one month (e.g., June), but the client settles it via prepayment in a later month (e.g., July). The current system auto-assigns the application date to the invoice date, which distorts accounting records and revenue timing.
Current Limitation:
- Xero does not allow users to define a separate settlement date when applying prepayments.
- Credit cannot be applied if the prepayment falls within a locked period, even if the application is meant for a current or future invoice.
- For businesses following a monthly closing approach, this creates a hard block—prepayments from prior months cannot be allocated at all without unlocking the books, defeating the purpose of a proper period close.