How to consolidate companies with different currencies in Dynamics 365 Business central

To consolidate companies with different currencies, our Business Central consultants have drafted a step-by-step procedure as listed below.

Scenario: We have two subsidiary companies and one consolidation company. The subsidiary companies and consolidation company have different currencies.

STEP 1: The screenshot below shows the COA of the subsidiary company with EURO as its base currency

STEP 2: The screenshot below shows the COA of the subsidiary company with INR as its base currency

STEP 3: For consolidating the balances from the subsidiary companies, toggle to the consolidation company

STEP 4: In the consolidation company, search for the business unit by clicking on Alt+Q. Click new to enter the subsidiary company details. In the card, enter the currency code of the subsidiary company

Note: Make sure that the currency of the subsidiary companies is provided on the currency page of the consolidation company.

STEP 5: To specify or change the exchange rate of the subsidiary company opt for the exchange rate in the action ribbon

STEP 6: On verifying the exchange rate, search for a consolidated trial balance report to view the consolidated report of all business units. The consolidated report shows the balances based on the currency of consolidation company