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Multi Currency Bank Accounts

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  • ADMIN RESPONSE
    Jun 19, 2019

    We currently have several candidates relating to the bank area within KashFlow (such as Open Banking) which will vastly improve your experience with KashFlow software. These first require implementation before we can look at introducing multi currency. Multi currency is an extremely large and complex job which touches all areas of the system and if we decide to implement it, we want to make sure we get it right first time. With that in mind we are implementing other improvements to the bank section and will then review multi currency bankfeeds & bank accounts again in the future. Thanks.

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    • Rich Mellor
      Reply
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      Dec 5, 2024

      I am a micro business but yes I have multi-currency bank accounts. Being able to submit invoices in different currencies helps my business - but it seems odd that although you can do this in Kashflow, the payments still have to be received in a single currency.

      This could be implemented quite easily by Kashflow converting the payments received on payment to your bank currency on the site.

    • Guest
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      May 21, 2024

      Even as a tiny business, I have a multi-currency bank account. Without this functionality, I cannot use Kashflow so my business is lost.

    • Guest
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      Mar 25, 2024

      aa

    • Rob Hettrick
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      Nov 2, 2021

      A heavy +1 to this, I recognise the difficulty in retrofitting this, but it is a new and immediate need for my business. I have been very satisfied with Kashflow till now, but this might kill my ability to use it.

    • Anonymous
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      Jan 5, 2021

      please please please - is there any updates on this ? we are getting to the point where we will be forced to move the competition. We want to streamline our admin processes and this just causes us to waste resources on admin when it should be automatic. Have there been any inroads made to sort this?

    • Guest
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      Jun 19, 2019

      I won't lie that's very disappointing. We all thought this was on the roadmap, now it'll be years if every... 

      I think we all appreciate that this is a big job, but the priority must be at the top of new features - this is a basic requirement from so many business in 2019 

    • Guest
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      Jun 19, 2019

      We have been voting on this for years it is clearly too difficult - time to move to xero

    • Anonymous
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      Jun 19, 2019

      Excellent - I hope this turns into reality!

    • Guest
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      Jun 19, 2019

      What does 'Future Consideration' actually mean. Do I detect that this feature is being kicked down the road yet again? Given the number of votes on this shouldn't there be a more detailed explanation of KashFlow's position on this.  

    • Guest
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      Jun 19, 2019

      You just changed the status to future consideration??? You are supposed to be introducing this feature by the late 2019 as you stated below. How can you be considering it if you already planned to implement it? 

    • Guest
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      Jun 19, 2019

      Can you please explain what you mean with ���future consideration���? We are waiting for an update from you on this since end 2018. (���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.��� Admin response 26 Oct 2018.)

    • Guest
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      Jun 1, 2019

      The latest post from Kashflow on this much requested enhancement was "Hi, we are hoping to introduce Multi Currency Bank Accounts by late 2019. although this may be subject to change." So Kashflow peeps can you update us on the current position and whether late 2019 is, in fact, achievable? 

    • Guest
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      Jun 1, 2019

      "Hi, we are hoping to introduce Multi Currency Bank Accounts by late 2019. although this may be subject to change." So how are you getting on with the planning of this. Are you confident late 2019 will be achieved?

    • Guest
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      May 13, 2019

      I also need some currencies that are not on the system Bosnian Mark being the key one, can this be added to my list of currencies ?

    • David Pattinson
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      Apr 1, 2019

      Will be acting on behalf of a client that deals mostly with the USA and EU and has multi-currencies bank accounts, if Kasflow does not implement this feature soon, VAT returns will show incorrect Nett figures when submitting them through MTD, and businesses will not be able to use this software when MTD for income/corporation tax is mandatory. Please consider improving your software so that more business will use it.

    • Guest
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      Mar 6, 2019

      This is unacceptable that the feature multicurrency for bank feeds is not yet incorporated. This is a very simple task to do.

    • Anonymous
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      Feb 23, 2019

      Not sure that will be great enough for us, already looking at moving. 

    • Stuart
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      Feb 22, 2019

      @Julie Shepherd 

       

      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.

      Thanks.

    • Julie Shepherd
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      Feb 22, 2019

      Hi, we are hoping to introduce Multi Currency Bank Accounts by late 2019. although this may be subject to change.


    • Guest
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      Feb 21, 2019

      Ahh that’s a shame, we have had to seek an alternative system due to this. What is the development time?

      Thanks,

      Alison Grief

      Financial Director

      M +44 (0)7736 688395

      T +44 (0)845 130 2772 / +44 (0)1753 287800 +44 (0) 1753 287 854 F +44 (0)1753 287 888
      ______________________________

      Ferrari Group | a brilliant delivery

    • Load older comments
    • +575
    7 MERGED

    Multiple Currencies or at least Euro.

    AT the moment when you entry an amount in euros it is converted to sterling. In 2019 surely it is possible to have multiple currencies on the same account.
    Guest almost 6 years ago in IRIS KashFlow / Bank 0 Future Consideration
    5 MERGED

    Receiving multi currency payments via online pay button

    Kashflow has integrated with a number of online payment providers ... unfortunately when I set up my online Pay button via Stripe I can not accept payments in multiple currencies ... Stripe allows me to send and receive invoices & payments but...
    Guest over 5 years ago in IRIS KashFlow / Partner Apps 1 Future Consideration
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    Stuart about 8 years ago in IRIS KashFlow / Uncategorised 0 Future Consideration
    21 MERGED

    The option to add cash entries in other currencies

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    Guest about 8 years ago in IRIS KashFlow / Bank 1 Future Consideration
    27 MERGED

    Support Multicurrency in Bank accounts

    Hi, It would be great if Kashflow would support bank accounts with different currencies, for example we have a Euro and USD account.
    Guest about 8 years ago in IRIS KashFlow / Uncategorised 0 Future Consideration
    24 MERGED

    Accept card payment in currency of invoice

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    Christina Spencer about 8 years ago in IRIS KashFlow / Payments 0 Future Consideration
    23 MERGED

    Multi Currency Bank Accounts

    Our business has recently opened a US Dollar account and I wished to add it to our kashflow bank accounts and found this is currently not possible. This would be an extremely useful and with international businesses essential option for a modern d...
    Guest about 8 years ago in IRIS KashFlow / Bank 0 Future Consideration
    23 MERGED

    Overseas bank account

    I am really looking into exciting feature that would enable me to monitor my overseas bank accounts.In different currencies in different countries. I am having a lot of clients (accountant here!) that would love to migrate to Kashflow, but how can...
    Guest about 8 years ago in IRIS KashFlow / Bank 0 Future Consideration
    10 MERGED

    Multi Currency Bank Accounts

    This was raised over 2 years ago and still not on your roadmap. The present way of having currency accounts showing in GBP is clumsy and places Kashflow at a disadvantage to other competitive products that have this capability. I am seriously cons...
    Guest over 6 years ago in IRIS KashFlow / Bank 0 Future Consideration
    2 MERGED

    MTD - Euros converting into GBP

    Our home currency is Euros because Kashflow did not support multi-currency bank accounts and our bank accounts are in Euro. Up until now the VAT reports that are generated in Kashflow have been in Euro since there was no option to generate them in...
    Andrew Georges about 6 years ago in IRIS KashFlow / Reports 1 Future Consideration