Hi! We have one parent company and three subsidiar...
# accounting
j
Hi! We have one parent company and three subsidiaries with different currencies. I want to know how standard reports are affected by consolidated exchange rates. If we run a consolidated profit n loss report for one month, and I change the average consolidated exchange rate, the reports shows me something different, if I change the historical consolidated exchange rate, the reports shows me something different, if I change the current consolidated exchange rate, nothing happens in the report. Is there any explanation that can be found? Or do you know? Thank you in advance
I get it. Its the setting ”general rate type” on the account that determines what happens
There is a fantastic course on SaltoLeap that really gets into the details of how consolidated reporting works
j
Fanstastic, thank you!
s