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  1. Average currency value used when reporting of Profit & Loss Statement in an alternative currency

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    1 comment  ·  For small businesses » Accounting features  ·  Admin →
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    submitted  ·  System responded

    Thanks for submitting your idea on Xero Product Idea's. We appreciate you taking time to let us know how we could improve Xero for you.

    Your feedback will soon be reviewed by our Community team, and in the meantime this can begin to build support with votes from other community members.

    If you're interested to see recent releases or get a pulse on what's coming soon see The Long and Short of it. 🙂

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    Sias Smith commented  · 

    To add to the above the methodology used by Xero results in previous month income statement changes. When reporting to banks or shareholders it makes it very difficult to keep having to go back to previous month changes. Balance sheet must be at period end rate and income statement based on the average of the period selected.

    Sias Smith supported this idea  ·