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Dynamics 365 Community / Forums / Small and medium business | Business Central, N... / Consolidation with for...
Small and medium business | Business Central, N...
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Consolidation with foreign currency

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Posted on by Community member 4
Hi there,
 
I am relatively new to Business Central - we're in the middle of implementing it. We have several companies using NZD currency  and 1 company using AUD currency. We need to consolidate them all to NZD.
Now when consolidating, I notice that BC is only translating net movement from our P&L accounts in any given month. Per accounting standards, we need to translate our YTD result though. 
I.e. if I run it right now, it only translates transactions for January 2024 and adds them onto the opening balance. I need it to translate the transactions for January AND the opening balance at the new rate. 
 
Are we missing a setting here or is there a workaround to this? I understand we could potentially rerun the consolidation for every period using the new YTD average FX rate, but that is tedious.
 
Any thoughts are much appreciated!
Rahel
Categories:
Business Central
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    Community member 4 on at
    Consolidation with foreign currency
    Thank you for that @gdrenteria, but that does not address my question. One of the posts does say that it only translates net movement (or net change), but my question was whether it can translate net movement AND opening balance.
    Thanks! 
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    gdrenteria Profile Picture
    gdrenteria 12,167 Most Valuable Professional on at
    Consolidation with foreign currency

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