Whether we like it or not, globalization is here to stay…. For many industries, such as manufacturing, it’s already a done deal. As Thomas Friedman pointed out more
than ten years ago, The World is Flat — and these trends are only accelerating.
To survive, businesses must be ready to trade in a global marketplace. That’s why a modern accounting system needs to have built-in features such as real-time exchange rates, which enables business owners to understand currency exposure risks and make quick, yet informed business decisions.
Xero’s cloud accounting engine was built with multi-currency at the core of the general ledger. This means everything works in harmony, without the need to compromise