How to Reconcile Multi-Currency Invoices with Xero

Reuben Sweeney demonstrates how to reconcile multi-currency customer and supplier invoices in Xero. When working with overseas customers or suppliers you will often find that the invoices they send you will be in a currency different to the currency of your bank account and that the incoming/outgoing values will not exactly match the value of the related customer or supplier invoice. Fortunately Xero has an live currency-converting tool which not only allows you to easily find and match bank statement lines with the correct invoices but also automagically accounts for any exchange gain or loss that has occurred between the invoice date and the date the funds are received/paid. Amazing! If you're responsible for reconciling the Xero bank accounts in your business understanding how to correctly reconcile each of the different types of transactions you might come across is essential for maintaining your Xero. Our Xero User course is designed to get you and your staff to speed on Xero quickly by teaching them just what they need to know to do their jobs. The role-specific structure makes this course a must-have for consistent Xero training and processes in your business for both your current and future staff. https://www.linkacademy.com/xero/ We'll answer any questions you have about Bank Reconciliation or Xero in the comments below. If you're rather ask us in person, follow the link below to book a time that suits you straight into our calendar: https://calendly.com/link-academy-team/i-have-a-quick-question/