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Xero Multicurrency and Bookkeep

How Bookkeep Ensures the Correct Currency is Posted to Xero​

Handling Multiple Currencies​

  • Do you receive payments in multiple currencies?
  • Do you have sales occurring in foreign currencies?

If these apply to you, you may have questions about how Bookkeep manages multiple currencies. For starters, if any of the apps you have connected provide the converted amount, we will post the converted amount since it will be the most accurate conversion rate. For example, if Amazon converts your CAD sales to USD for deposit to your bank account, we use the USD amounts and the conversion rate provided by Amazon.

Posting Deposits and Sales Entries in Xero​

In Xero, we post deposits as bank transactions and sales entries as journal entries.

Non-Deposit Postings (e.g., Sales Postings)​

If the currency of the source data (e.g., Shopify sales) does not match the base currency of your Xero books, we will fail the entry in Bookkeep. This ensures that the wrong currency is not posted to Xero.

Deposit Postings as Bank Transactions​

If the currency of the source data (e.g., Shopify deposit) does not match the account currency of your mapped Xero bank account, we will fail the entry in Bookkeep. This ensures that the wrong currency is not posted to your Xero bank accounts.

If you have any questions, contact support@bookkeep.com.