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  1. Multicurrency- Batch payments of Foreign Currency Bills.

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    204 comments  ·  Purchase orders, bills & inventory » Paying bills  ·  Admin →
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    In development  ·  AdminKelly Munro (Community Manager, Xero) responded

    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.

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    Maria Dunstan commented  · 

    I have just found out that Xero does not work for batch allocation of multiple invoices against currency payments, I have multiple currencies set up in Xero with suppliers sending in excess of 100 invoices a month!

    I pay for the comprehensive level especially to use currency... but this obviously doesn't work in the way it is expected to, now creating more work for me having to to reconcile currency invoices one by one !!

    I should have been made aware of this when selecting the multiple currency option.

    Maria Dunstan supported this idea  ·