hi, does anyone here have a multi-currency consoli...
# accountingf
francis
07/02/2021, 1:23 PMhi, does anyone here have a multi-currency consolidation working on their account? we are having some trouble to get this working with a setup like: Holding is EUR, daughter company is USD and granddaughter company is GPD
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KevinJ of Kansas
07/02/2021, 3:01 PMWhat's the trouble?
KevinJ of Kansas
07/02/2021, 3:01 PMHave you got your consolidated exchange rates calculated/set up correctly?
KevinJ of Kansas
07/02/2021, 3:02 PMShould be noted - you're going to run into some differences from what you'd expect if you did a straight conversion from GPD to EUR - because you're taking the value - and turning it into USD first - and then into EUR
KevinJ of Kansas
07/02/2021, 3:02 PMIn theory - they should be small differences.