I thought I should introduce myself again – its been over three months since I last posted on this blog. A lot has been happening – the highlight of which was a 5 week trip to the UK to visit friends and spend some time with my wife and two boys.
Since March, we’ve also been flat out at Xero working on one of our biggest releases ever: multi-currency. There were a few ways we could have done this and, of course, we opted for the hardest – but the most powerful option. For the first time – small businesses can now track their FX exposure (realised and unrealised) automatically and have their foreign currency invoices & bank accounts revalued live. There’s no reason to be looking at out of date numbers and there’s no need to spend hours making adjustments to your accounting system. To make multi-currency seamless in Xero, we built FX support deep into the transaction engine and general ledger and updated our report framework to natively support foreign currency reporting with automated rates, footnotes and currency codes.
Here’s a short interview I did with Stephen Nicholas from Openside. Yes, I’m nervous. No, I’m not being held hostage.
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