Our Company Operates in Dubai, Base Currency is AED and We received Google Inward in USD as well so I create Foreign Currency USD as well. Now Parent Company wants us to give them Reports in PKR currency. How can we give them reports in PKR Currency if Our have base currency is AED ? Please Guide me
If your base currency is EAD and you need to produce reports in another currency then there is no other option then generating these reports and editing the amounts to the other currency.
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There should be a senior accountant there (Parent Company or Group ) who should provide you with the translation guidelines. There definitely would be gain or losses on currency exchange rate for the parent company if they are the parent company and use a functional currency different from yours.
I don’t think comments on an accounting software forum should be final for you.
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