Problem reporting when using multiple currencies (how to create one integrated report)

[c19]

The NCH help file states that if you want to use multiple currencies you must open multiple businesses. However this presents a problem in terms of reporting. How do you produce ONE integrated income statement and balance sheet (since it is after all really one business and using multiple businesses is a concession to the way NCH software works).

 

[elk]

The program does not allow to use different currencies in one single business, that is why it states you need to create a new business to manage another currency. Since they work as separate businesses, reports cannot be integrated. NCH Software formally takes suggestions or feedback about products through the form at http://www.nch.com.au/suggestions/

[c19]

On 2/25/2022 at 11:00 AM, c19 said:

The NCH help file states that if you want to use multiple currencies you must open multiple businesses. However this presents a problem in terms of reporting. How do you produce ONE integrated income statement and balance sheet (since it is after all really one business and using multiple businesses is a concession to the way NCH software works).

 

I found the answer to my own query. There is a consolidated report function that allows multiple businesses to be combined and the average currency exchange rate to be set.

[JosephHolland]

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[GRH]

Thanks to c19.
Just in case anyone is wondering where that report function is, you will find it it by clicking the 'Reports' button and choosing 'Consolidated reports' or from the list that appears on the left.

[JohannaPeden]

Thanks.