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  1. Xero Expenses - Ability to edit exchange rate

    36 votes

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    11 comments  ·  For small businesses » Business features  ·  Admin →
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    Gaining Support  ·  AdminKelly Middleton (Admin, Xero) responded

    Thanks for sharing your idea, and letting us know that you would like to be able to enter your own exchange rate for your expenses.

    We've reviewed your idea and now it's up to the community to get behind and support it. Make sure you share your idea with any colleagues that this could benefit so they can add their vote too!

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    Eduard Grebe commented  · 

    This is a critical feature that is totally breaking Xero expenses for me. When I spend money abroad during business travel (using either personal or business cards), the exchange rate realised by my bank is not the same as the xe.com rate assigned by Xero expenses. This means the expense claims NEVER match the transactions imported through the bank feed, and also means personal money expenses are reimbursed at the wrong rate. Concur and other expense systems have the ability to manually edit, as well as to infer the realised exchange rate from bank account transactions, routinely.

    This is such a basic and critical feature of expense systems I cannot understand why Xero would even launch their product without this. It means I cannot use it for the purpose for which it is designed. Xero expenses is currently useless unless the expenditure is in the native bank account currency.

    Eduard Grebe supported this idea  ·