How to consolidate companies with different currencies in Dynamics 365 Business central
Published on July 21, 2021
To consolidate companies with different currencies, our Business Central professionals have drafted a step-by-step procedure as listed below.
Scenario: We have two subsidiary companies and one consolidation company. The subsidiary companies and consolidation company have different currencies.
STEP 1: The screenshot below shows the COA of the subsidiary company with EURO as its base currency
![Consolidate Companies With Different Currencies In Business Central-1](../../blog-images/uploads/2021/how-to-consolidate-companies-with-different-currencies/1.png)
STEP 2: The screenshot below shows the COA of the subsidiary company with INR as its base currency
![Consolidate Companies With Different Currencies In Business Central-2](../../blog-images/uploads/2021/how-to-consolidate-companies-with-different-currencies/2.png)
STEP 3: For consolidating the balances from the subsidiary companies, toggle to the consolidation company
![Consolidate Companies With Different Currencies In Business Central-3](../../blog-images/uploads/2021/how-to-consolidate-companies-with-different-currencies/3.png)
STEP 4: In the consolidation company, search for the business unit by clicking on Alt+Q. Click new to enter the subsidiary company details. In the card, enter the currency code of the subsidiary company
Note: Make sure that the currency of the subsidiary companies is provided on the currency page of the consolidation company.
![Consolidate Companies With Different Currencies In Business Central-4](../../blog-images/uploads/2021/how-to-consolidate-companies-with-different-currencies/4.png)
STEP 5: To specify or change the exchange rate of the subsidiary company opt for the exchange rate in the action ribbon
![Consolidate Companies With Different Currencies In Business Central-5](../../blog-images/uploads/2021/how-to-consolidate-companies-with-different-currencies/5.png)
![Consolidate Companies With Different Currencies In Business Central-6](../../blog-images/uploads/2021/how-to-consolidate-companies-with-different-currencies/6.png)
STEP 6: On verifying the exchange rate, search for a consolidated trial balance report to view the consolidated report of all business units. The consolidated report shows the balances based on the currency of consolidation company
![Consolidate Companies With Different Currencies In Business Central-7](../../blog-images/uploads/2021/how-to-consolidate-companies-with-different-currencies/7.png)