<#C29HKGM6J|> <#C298P0BCK|> <#C29J1BPM3|> I am try...
# accounting
n
#C29HKGM6J #C298P0BCK #C29J1BPM3 I am trying to setup a new subsidiary strucutre and there is 1 parent subsidiary with 2 child subsidiaries. The parent subsidiary is based in Canada but they want to set the currency to USD. Is there a probelm with this? Can you have a Canada subsidiary address but USD base currency? Thanks
s
Yes it is possible one my previous company had USD as reporting currency for their Canadian sub (primary) - main reason was for generating reports for SEC - it was a publicly traded company. Note I am based in Canada 🇨🇦
n
Thanks @Sam-I-Am