Summary
Xero Multi-Currency Accounting is a software solution that enables businesses to manage financial transactions in over 150 currencies. It provides automated currency conversions, real-time exchange rate updates, and multi-currency accounting and reporting to streamline global business operations. The platform helps businesses comply with international accounting standards and offers tools for invoicing and tracking expenses in various currencies.
Features6/15
See allMust Have
2 of 5
Transparent Low Fees
Multi-Currency Account
Mid-Market Exchange Rate Transfers
Borderless Debit Card
Fast Transfer Execution
Other
4 of 10
Invoice Creation
Spending Analytics
Regulatory Compliance
Customer Support
Batch Payments
API Integration
Real-Time Rate Alerts
Business Account Features
Mobile App
Multi-User Access
PricingSubscription
See allEarly
- Send quotes and 20 invoices
- Enter 5 bills
Growing
- Reconcile bank transactions
- Capture bills and receipts with Hubdoc
- Short-term cash flow and business snapshot
Established
- W-9 + 1099 management
- Sales tax
- Use multiple currencies
- Track projects
- Claim expenses
- Advanced cash flow predictions with Analytics Plus
Rationale
Xero offers multi-currency accounting software that allows businesses to manage transactions in various currencies, track exchange rates, and generate financial reports. While it handles multi-currency aspects and provides real-time exchange rate updates, it is primarily an accounting software and does not explicitly offer mid-market exchange rate transfers, borderless debit cards, or fast transfer execution as core features for sending money internationally like Wise. It focuses more on the accounting and reporting side of multi-currency operations rather than direct cross-border payments with the same fee structure or speed as Wise.
