Accounting Ideas

Hello Thank you for your input and voting on this feature we are happy to announce foreign banking is now live in all countries. Here is the help article to help you get up and going. https://help.accounting.sage.com/en-gb/accounting/banking/multi-currency-banking.html

Thank you From Sage Accounting Team.

Can someone from Sage please comment in this thread confirming 100% that this feature is live in all regions before I go ahead and sign up again.

Thank you.

I can't see how to change the currency for a new bank account or get a currency option?

Hi, it says that is delivered but in the version of Spain I don't see how to get to change the currency. Could you explain how to get that option?

It is currently in the works. Do we have any delivery date?

For the information of anyone else watching this post, as i am, i emailed the 'Development Experience Design' Director at Sage and received this reply in May 2021.

Hi

Thanks for taking the time to get in touch. I’m pleased to be able to tell you that we are now working on foreign currency bank accounts and we hope to release this feature before the end of the year.

I’ve passed this on to the product manager for this area asked them to update the Ideas forum to reflect this.

Thanks again

John

This is a showstopper. My biz receives payments in foreign (USD) funds and we don't exchange as we use those funds to pay USD expenses. Both need to be tracked appropriately.

Plus one for this...

Just ran into this issue as signed up with Amex ICC (USD card), but couldn't add it because SBC doesn't support currency other than the base currency (Sterling in our case). We're heavily invested in SBC with integrations and our own API's so don't want to "go backwards" to Sage 50cloud as others (and support) have suggested.

I would be happy to pay additional for this feature.

As you've only committed to this as 'likely', and i've seen comments on other forums asking for this dating back over a year, it seems unreasonable to have to keep asking / checking back.

Can we be notified by email if /when it does happen?

This is such as basic function many businesses need to use every single day, it's frankly ridiculous it's been left out.

100% yes. The lack of this feature caused us to cancel plans to move to online.
Likely to go with another provider if this can't be fixed.

Yes please, I almost went to Xero because of this, but now I have a workaround.

It's a massive limitation of the current system and to direct people to "go backwards" to Sage 50 as some of your support team have done is lunacy.

Completely agree that this is key - I get payments for a rental into my euro account and it treats them currently as if they are GBP

Completely agree with previous comments. It is increasingly common for small businesses to hold foreign currency bank accounts to avoid ludicrous transfer rates and fees. Being able to quote and invoice in a foreign currency, but not reconcile is crazy. Xero has this feature. Please implement!

Its a massive deterrent for any Sage 50 clients looking to move to the cloud because the product is limited to UK only bank accounts. We need to be able to add foreign bank accounts and report on the currency too.

We have a separate Euro Bank account, currently reconciling transactions is an absolute nightmare. I quote in Euro, and receive payment in Euros to a Euro Bank account. We moved to Online accounting because it 'supported' Foreign currencies for quotes and invoices - banking is a major oversight.

Totally agree