Multicurrency in Xero - everything you need to know to set up and understand!

[@mikedack4640]

Thank you Heather, this was really useful. Love how you refer to Indian Rupee Dollars!!!

[@OxanaRazbitnova]

How to revaluate liability in foreign currency (not customers or suppliers but say bank loan)? We get bank loan and repaid it later. Ex.rate was different on both dates. So foreign currency balance is zero but home currency balance is not. Normally in other accounting software I was able to revaluate all balance sheet accounts which would give zero balance in BS in both currencies (home and foreign) . I cannot find such facility in Xero. Does it ever exist? if not, how to sort the issue? Thank you in advance.

[@sergio_ra]

Probably the best video on multicurrency support in Xero I've seen. I struggled a lot to understand how exactly it works but it's much more clear now. However, on 28-29 min when you explain how to add customs bill, how do you allocate these costs to the items you received? I found it can be done with manual adjustments but it seems too complicated and error-prone

[@HeatherSmithAU]

Thanks Sergey I appreciate your comments! If you need that - I suggest looking to an add-on inventory solution that can assist with splitting the cost - it is currently fiddly in Xero!

[@MarcinLachner]

Great and helpful video, thank you. A small mistake 1 australian dollar is 56.2661 indian rupee

[@loleattaalbino4711]

Thanks for the effort it's very good

[@ANISEConsulting]

Thanks for sharing Loleatta Albino it really helps my KZbin ranking if people share the videos which in turn means more videos!

[@prasadnilugal4691]

So nice explanation