We are currently actively investigating how we can implement this feature into KashFlow and we will provide a further update towards the end of the year.
Currently on a 30 day trial and just discovered no multi currency bank support. We buy everything in USD and sell significant volumes in USD and EUR so this could be a deal breaker. Please can you post an update to this and the other messages so we can understand how far away this functionality is..
Adding my vote to this one. Lack of multi-currency is a massive deficiency.
Any update on this? I am about to open accounts in currencies other than GBP (EUR, USD, and BTC) so as to avoid the constant non-Sterling transaction fees my bank levies. I've used Kashflow for 5 years, but this may genuinely be a dealbreaker if it can't handle me having accounts in multiple currencies.
How is this still not implemented after so long? Your competitors have it and it seems like such a basic option not to have. Sage One here I come.
We are looking at using an alternative after 3 years of loving Kashflow - unfortunate they haven't provided any update on this at all in 2016
We are using Ethereum and Factom tokens for our business, but there is no place to account for them in Kashflow. Multi Currency Bank Accounts would solve this problem. Any update on this? We need to find a solution by end of the tax year.
Any update on this? As I am now trading in different countries this is a must for my business! I would like the ability to have bank accounts in multiple currencies and then transfer between my accounts with an exchange rate that I set per transfer.
I can invoice in a choice of currencies but the statements always revert to GBP which is frustrating. With the current fluctuating exchange rate I have to alter this every day to get a true price..
I find it incredible that this has not been resolved. Half way through 2016 and still no further update. How can you expect your users to recommend a product that does not handle the needs of businesses that work in more than one currency and more importantly is so slow to respond to customers needs.
Well, after discovering this problem within our account and now finding that this has actually been noted and commented on for the past few years(!), I can see that there is no hope for any quick action on this! Looks like it's time to find an alternative solution and stop using Kashflow - this is not the only issue we have had with Kashflow - you guys are unacceptably slow in sorting issues out...
Must have feature for my businesses. The simplicity of Kashflow is a huge plus, but without this feature I may have to look at alternatives. Willing to pay an additional premium for full multi-currency support, so please do get coding guys! Thanks
I signed up to Kashflow with the promise that it was very close to having multi-currency, that was 2 years ago. what are you doing to help clients that trade with SEPA / EEA... Not a lot, time to change to Xero I think !
Unti this is implemented, can you give all users a free subscription for each alternative currency they use?
This is simply a must
I truly need a multicurrency bank option for my bookkeeping so most of my clients are abroad and I need to invoice to them in other currencies. Xero, Zoho books, have the option and similar prices to KashFlow so... there is a pressure.
Hi, I am very frustrated that there is still no movement on this feature or even the promise of a date. With world trade the norm, even a small business needs multi currency. In a previous life I ran a team of 50+ developers and consultants in ERP software and enabling multi-currency ain't that challenging if you design it right.
We are new to Kashflow from SAGE and the issue with not being able to handle multi currency bank accounts is a problem. I have been told that they are working on it but looking at the comment below about raising the issue in 2010 does not give me confidence that it will be resolved any time soon. I would have hoped that being a multi currency platform would have been more of a priority. We as a business are trying to increase trade for the UK with other EU and International countries and having banking issues does not give confidence to our suppliers and customers.
Hi, Is there any update on this? Knowing you've been aware of this since I mentioned it first back in 2010 it would be great if it could finally be given some consideration. Given the number of votes here it seems to be requested by more users than myself. I understand it's not a priority but five years is also a very long time. We invoice in GBP, USD, EUR. It's today impossible to generate statements in anything but GDP. Will take a look at Xero as well, thanks for the recommendation.
My current problem:
Main currency of operation = Euros
Most purchasing made in Hungary in Forints.
It would be great to have a petty cash account in Forint
Solution, enable me to have more than one account in another currency.
Sorry to hear that. We are currently prioritising work in other areas of the app at the moment, unfortunately there is no progress to report on multi-currency but we are aware of the need for such functionality.
Some of our clients are experiencing difficulties with the absence of multi currency bank accounts. As a result we have had to direct some of them onto Xero. It is a great shame to have to do this but.....
You have been dragging your feet on this for too long, Maybe you should speak to XERO ?!?!
You can currently manage Euro payments within KashFlow, what we cannot currently offer are multiple currencies within the same KashFlow account. If you do trade in Euros you can use this currency if you wish.
Can anyone suggest an interim solution to managing Euro payments until Multi Currency is fully functional?
Do you know when this will be implemented? It would be hugely beneficial to have multiple currency bank accounts that can be linked together with payment transfers back to GBP etc.
This would be a very beneficial functionality for anyone who does business outside the UK - like me...
I too sell abroad and thus can't send out invoices in euros. Fustrating
Just to add a further vote for this functionality. Like many others this is a very important feature for modern businesses. Having the ability to have additional bank accounts in another additional currency is at the top of our list right now. Would happily pay more for this feature...
As a firm of Chartered Accountants and Kashflow users for many years, we have had to put clients with a multi currency requirement onto QBonline, a great shame.
So now the status of this request is 'acknowledged'. What does that mean in terms of progress?
I dont think this will ever happen and will be switching to Xero or QB in next 6 weeks.
ive been fobbed off every time i ask on the basis that its a big job. Big but vital and i first raised it 2 years ago.
Another cry out for this! We love KashFlow for our clients but the lack of Euro account means we are going to have to use another supplier for some!
I remember asking for this a few years ago. Disappointed to see that it has still not been implemented.
Adding my vote to this one. Lack of multi-currency is a massive deficiency.thinking to move to quick books who offer same feature and at low price.
We're getting desperate for this now. The admin response says that you hope to have news in 2016. It's now nearly half way through 2017.Please, at the very least, keep updates coming. This idea looks dead and that nothing is happening - which I'm starting to believe is the case.
@Mark AllanI'd say it's beyond looking dead now... There are a number of suggestions on here that I created some 3-4 years ago on the old Kashflow User Voice system, that was replaced by Canvass. This is one example of my suggestion, directly copied over to Canvass, but obviously I lose credit for it as it simply assigned to 'Kashflow Product Manager'.
I wouldn't hold your breath on this, or multi user access, or multiple customer contacts... all my suggestions, all still pending 4 years later.
We are actively looking at alternatives to Kashflow now.
I'm moving to Xero if cant have Banks in different currencies and add payments in other currencies.
Unless we hear an update on multi-currency in the next month, we will be joining the ranks moving elsewhere. It will be a pain to migrate all our data but it's pretty bad from Kashflow they "hope to have news... in 2016", with zero updates since. What kind of product development "plan" is that?
Still no progress on this ? Very poor and a price increase too
We are nearly at the end of 2017 and this topic has not been updated recently. How far away is multi currently bank accounts?
We are nearly at the end of 2017 and this topic has not been updated recently. How far away is the multi currency bank account functionality from being released?
When you add Multi Currency support, please add the option to have currencies with extended decimal places. This will allow for cryprocurrenies like Ethereum, which has 18 decimal places. HMRC taxes them like any other currency, so it's important to account for them.
I just spoke to Kashflow support. They have not even started development yet.
You response above states "news in ... 2016" - any updates?
It would be good to have an update on this. We have recently opened a USD account and have no way of tracking invoice payments in Kashflow.
It seems crazy that we can select to input purchases in a foreign currency but can't send a remittance advice to those same suppliers in that currency - very frustrating that everything is immediately converted to GBP. And to not have the facility to have our euro bank account actually showing in Euros. This needs URGENT attention. At the time of posting - May 18 - the most recent Admin response acknowledging this is an issue was JAN 2017 - not good enough!
Can we get an update on this, we requested this well over a year ago.
or should I start to look to migrate away from Kashflow to a solution which does have this as it's a deal breaker as we need to deal in £, $ and €
We are nearly half way through 2018 and the response from Kashflow above does not fill me with confidence that we are going to get this functionality in any reasonable time. I think the powers that be at Kashflow should make a statement as to the user base as to when, if ever, this functionality is to be incorporated. Small companies deal internationally too!
Love Kashflow however going to need to move if i cant have a US $ bank account. Really hope something can be done
We also need GBP, EUR and USD account!
Come on guys, get it together. You're falling short of the opposition.
"......have news on Multi Currency in 2016."
Its now nearly the end of 2018 !!
Any news on this yet, seeing as you were supposed to have news on it in 2016?? This is about the only thing stopping us from going for Kashflow at the moment, but it's a deal breaker.
Absolutely necessary right now in a software as Kashflow. Hope you improve this soon!
Whilst you can raise invoices in USD the payment will only register GBP, difficult to reconcile when operating an USD bank account. Surely it must be possible for Kashflow to finish the job, part way there with producing invoices in USD's, needs to be done quickly or we will have to move to another system
Hi after seeing your feedback on October 26th 2018 that you were actively looking into this and would feedback towards end of the year, can you now let us know if you are able to work with multi currency bank accounts?
To add to the anguished cries ... and to see another year pass with no reply from kashflow.... why no multicurrency support.
I have been with kashflow since day (Duane’s startup days!)
we now have multiple shops and will have to defect - such a shame and really annoying!
at the moment your poor accountants have to manually send our invoices out in USD and EUR each month, come on guys, please get this sorted!
About time too! The 'end of the year' has passed so it would be very welcome indeed to hear the "what and when". We really do need this implemented asap.
Thanks for changing this status to "Planned".
I am about to switch to another provider who has the feature – can you tell me when when you expect this in Kashflow as I would prefer to stay put if possible
They took to long. This is kash flow all over. Way to slow to even respond. 2 years later they changed it to planned! lol! madness
Ahh that’s a shame, we have had to seek an alternative system due to this. What is the development time?
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Hi, we are hoping to introduce Multi Currency Bank Accounts by late 2019. although this may be subject to change.
Please can you ask the dev team to include the option to define how many decimal places a currency has. Cryptocurrencies can have up to 18 (although 10 should be enough). HMRC have published guidelines on how they are treated.
Not sure that will be great enough for us, already looking at moving.
This is unacceptable that the feature multicurrency for bank feeds is not yet incorporated. This is a very simple task to do.
You won't be notified about changes to this idea.