Hello everyone. Anyone here has a subsidiary setup...
# oneworld
m
Hello everyone. Anyone here has a subsidiary setup based in Croatia ? Now that 1st of January 2023 they joined EUR zone, how do you deal with this ? Are you setting up new subsidiary with EUR ? Seem to be the only option.
p
While I have not had that specific country issue there is no way you can change base currency so you are right. You could get away with doing trial balances for a large part of your history also and only move 'latest' transactions but there is no way around this being a royal pain
d
When we have had currency change situations this has been the route we've followed too. It's a pain in the butt, but it does allow for a clean switch, especially with some of our integrations (HR, T&E, etc)