Comments on: Xero: good progress on bank reconciliation in multi-currency

By: William Price

William Price — Mon, 14 Mar 2011 10:07:00 +0000

Does Xero have local prices for foreign currencies? I hope that they have stable prices of their currencies since I also don’t want to make my currencies changes every hour.

By: William Price

William Price — Mon, 14 Mar 2011 10:07:00 +0000

Does Xero have local prices for foreign currencies? I hope that they have stable prices of their currencies since I also don’t want to make my currencies changes every hour.

By: ed

ed — Thu, 10 Sep 2009 13:25:48 +0000

Does anyone know if Xero support setting local prices in foreign currency?

As an international wholesaler we prefer to fix local wholesale prices and RRP's – rather than have our prices change hourly/ daily.

A store in the US that wanted to maintain e.g. a 50% margin would have to adjust their retail prices for every shipment if our prices changed continually.

By: Adrian Pearson

Adrian Pearson — Wed, 09 Sep 2009 11:02:21 +0000

Personally, I am very pleased that MC in Xero is a "swtich-on" feature. Xero should provide the stuff that all businesses want by default and hide away the stuff than only a subset of customers want (arguments about how large or small this subset is are irrelevant). Keeps the UI clean for the majority.

By: Dennis Howlett

Dennis Howlett — Wed, 09 Sep 2009 08:40:37 +0000

@Andrew: now you're being sarcastic.

@Ben: the reconciliation thing is new and as I recall the cost increment was supposed to start 1st Aug. I don't know whether many/few will want this. I do know that m/c handling is something I always ask about in evals. It's something that gets called regularly on FreeAgent. Most of the people I know deal in at least two currencies and sometimes three. It's one of the few thriving areas for the UK banking system. I s'ppose it depends on your perspective as to whether it is 'edge' or not.

By: Ben Kepes

Ben Kepes — Wed, 09 Sep 2009 07:59:27 +0000

Dennis – the announcement of the tiered pricing was made nearly three months ago – http://www.cloudave.com/link/xero-releases-multi-…

My thoughts: Multi currency, to the level Xero does it, is something not all businesses need. It's an edge module and, as such, it makes sense to have it as an optional extra….

By: Krupo

Krupo — Wed, 09 Sep 2009 06:46:32 +0000

I'm still trying to figure out whether what I see in your post makes SAP's currency handling look crazy or super-simple in comparison.

Well from a "test automated controls" perspective, SAP's functionality is super fun to audit actually…. (how often do you hear "SAP's functionality" and "super fun to audit" in the same sentence?).