Learn how to use consolidations in Reach Reporting.
When consolidating multiple companies, a chart of accounts that have the same account name and that are located in the same category, such as Income, will be consolidated together. If you have account numbers turned on in the company settings within Reach Reporting, then you will also need to make sure that the account numbers also match to have them consolidate.
We also have the ability to do multi currency conversions in consolidations. Reach Reporting can automatically handle foreign or currency exchange by using historical exchange rates within a consolidated company. Reach uses monthly historical figures so that every historical month accurately uses the exchange rates for that currency. Watch the video below to find out how to use this feature.
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