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02/10/2012 at 03:34PM PST
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aahuja
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11/19/09 11:43am PST
Viewed by asker 11/23/09 6:01am PST

Base vs. Local Currency Ledgers

We are a USD base currency entity with an UK subsidiary. I have created another entity for the UK business with their base as GBP in QuickBooks but want to be able to state that UK company in USD equivalent as well.  Currently I am downloading that entity in Excel and calculating my own revaluation entries.  Is there any way for QuickBooks to convert the GBP ledgers into USD so that I can consolidate easily?
 

Thanks.  Please advise asap.

 

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11/19/09 2:41pm PST

Are both companies using US QuickBooks?

What rate or rates are you using for conversion? Just the current rate or historical rates for non-current assets?

 

Karl Irvin, CPA
Certified QuickBooks Advisor
Intuit Gold Developer
www.q2q.us
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Yes, both companies are using US Quickbooks.  The rates I am using are in Excel (manual revaluation and consolidation). 

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11/25/09 3:36am PST
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Hi,

Please see this link it may be help you http://community.intuit.com/po... , Other wise you build a custom application to solve this issue.

let me know if this helps you.

Regards,

Krish
 

Krish
Expert Solution Technologies (An Intuit SDK expert company)
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