Accounting Software & Systems › Chart of Accounts Setup

How do you handle multiple entities or currencies in the CoA?

Advanced

Answer

Use a shared/standard CoA mapped across entities, add entity and currency dimensions, and maintain a mapping to a group consolidation CoA for reporting.
Local account 61000 -> group account 5000 (Operating Expenses)
Real-world example A group standardises the CoA so subsidiaries consolidate cleanly.