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Multi currency - Company Ledger Set for Processing Translations

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Jr Varsity III
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Good day,

I have multi branch/company environment.  I have a new Canada Company starting shortly.  Based on what I read so far is the CA Company needs a based currency of CAD and a separate ledger.  All the CA company transactions will be done in our CA Company, separate customers, vendors, etc.  Also a new cash accounts.

  1. Ledgers:  Do I need two CA Ledgers:  One for Actual and One for Reporting?
  2. Translations:  I need to be able to report in CAD and consolidate/translate into USD for consolidated reporting.

My overall needs are to have CAD reports for taxes and Consolidated reports for Overall company financials by branch.

Thank you in advance for your assistance.

Evan

Best answer by vkumar

Hi ​@grillevan 

Please refer to the implementation activity documentation to setup a Branch/Company with different base currency. 

https://help.acumatica.com/(W(10))/Help?ScreenId=ShowWiki&pageid=997e6cef-76c8-4fbb-bdae-a0700125ff66

You do need to create a Ledger for required Base currency.

For reporting and consolidation, you need to create a Reporting ledger as well.

Here is the documentation link which explains setup steps to generate consolidated Financial statement. 

https://help.acumatica.com/(W(12))/Help?ScreenId=ShowWiki&pageid=b8d0b1dd-6bd0-458a-9309-6638727e0b74

Hope this helps.

Regards,

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    V
    Acumatica Employee
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    • vkumar
    • Acumatica Support Team
    • 866 replies
    • Answer
    • March 6, 2025

    Hi ​@grillevan 

    Please refer to the implementation activity documentation to setup a Branch/Company with different base currency. 

    https://help.acumatica.com/(W(10))/Help?ScreenId=ShowWiki&pageid=997e6cef-76c8-4fbb-bdae-a0700125ff66

    You do need to create a Ledger for required Base currency.

    For reporting and consolidation, you need to create a Reporting ledger as well.

    Here is the documentation link which explains setup steps to generate consolidated Financial statement. 

    https://help.acumatica.com/(W(12))/Help?ScreenId=ShowWiki&pageid=b8d0b1dd-6bd0-458a-9309-6638727e0b74

    Hope this helps.

    Regards,

    VijayKumarU
    Chris Hackett
    1 person likes this
    • Chris Hackett
      Chris Hackett
    G
    Jr Varsity III
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    • grillevan
    • Author
    • Jr Varsity III
    • 42 replies
    • March 7, 2025

    ​@vkumar Thank you for your assistance.

    Chris Hackett
    1 person likes this
    • Chris Hackett
      Chris Hackett

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