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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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    Marcelle Geldenhuys commented  · 

    To be forced to create "bank accounts" for other accounts (i.e. current assets/liabilities) that are required to be denominate in a foreign currency does not seem to be an appropriate solution for groups of companies operating across multi-jurisdictions. Definitely going to force us to look at other accounting packages that offer these options and make reporting more practical for group of companies.

    Marcelle Geldenhuys supported this idea  ·