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Replies: 8 comments
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IIRC all currency conversions are done using the date of the end of the reporting period. |
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The reason I asked this because according to the standard, we have to make sure that P&L accounts are consolidated using monthly rates and B.S accounts using standard 'spot' rates of parent company. Meanwhile, I found addon that concern about this issue : |
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Yes, I totally agree @hitrosol. Then the currency rate difference you get must go in a P&L account. see my doc about the https://apps.odoo.com/apps/modules/11.0/account_consolidation/ |
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I'm not disagreeing either ;) PR welcome. |
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Note however that if you do that naively, a consolidated trial balance will not be balanced anymore. So there is food for thought there. |
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Well Account_consolidation + MIS is already a working solution. |
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Thanks all for the same understanding about this. I also agree that the consolidation will be done on the fly, i think no need further journal entries should be created for this consolidation effort. I see ERPNext is quite advance to provide the similar feature. Regards. |
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There hasn't been any activity on this issue in the past 6 months, so it has been marked as stale and it will be closed automatically if no further activity occurs in the next 30 days. |
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For consolidation in multi company report with different base currency, has this module consider the IAS 21 The Effects of Changes in Foreign Exchange Rates ?.
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