I have two subsidiary companies, one in the UK and one in ROI. I want to create a consolidation of these companies with currency functionality. Is this possible or do I require a different version/package?
I have two subsidiary companies, one in the UK and one in ROI. I want to create a consolidation of these companies with currency functionality. Is this possible or do I require a different version/package?
Hi Peter,
Thanks for using Sage City.
Unfortunately, at present, if companies have different base currencies it is not possible to consolidate them within Sage 50 Accounts. The following article outlines situations where consolidation can't take place and a difference of currency is listed as one of the reasons:: Merge Companies >
In this situation, we would normally advise to compile consolidated accounts outside of Sage 50 Accounts.
You can make a request for this functionality in the future on the Sage 50 Accounts Ideas Board >
Regards
Andy
Sage UKI
Thanks Andy.
Hi Peter,
We have recently started to offer this functionality (company consolidation with multiple currencies) in our ProudNumbers Management Accounts software for Sage 50.
Kind regards,
Pavol Rovensky
*Community Hub is the new name for Sage City