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Xero Multi-Currency Accounting

xero.com
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.

Features
6/15
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Must 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

Pricing
Subscription
See all

Early

$2.00 monthly
  • Send quotes and 20 invoices
  • Enter 5 bills

Growing

$4.70 monthly
  • Reconcile bank transactions
  • Capture bills and receipts with Hubdoc
  • Short-term cash flow and business snapshot

Established

$8.00 monthly
  • 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.