I have a multi-company, multi-currency scenario here.
Company A - USD
Company B - CNY
In order to record financial events this is clear and also to have reports in the default company is clear.
Now in order for the management to understand the financial situation of the Group (both companies) it would be very beneficial to either …
- be able to either show the reports for Company A as well in CNY (in addition to the regular USD report) or (and that’s the ideal case)
- show a financial report (lets say Profit & Loss for example) that gathers data from both Companies.
for 2 I could imagine an approach like whether there was a a hierarchy of different companies, you add a (virtual) mother with 2 children (the 2 physical entities mentioned above). And the reports pf the mother are being drawn from the childrens Accounts.
mother (virtual) --> shows consolidated financial reports in CNY
/ \
/ \
child-A (USD) child-B (CNY)