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Dynamics 365 Business Central – Walkthrough of GL Consolidation with Different Currency Business Units

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Dynamics 365 Business Central

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Feb 22, 2025

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  • Business Central allows for consolidation of companies with different currencies for reporting at a group level.
  • The article explores the process of consolidating companies with different local currencies in Business Central.
  • Configuration steps include setting up General Ledger codes in both companies and mapping GL accounts from source companies to the consolidation company.
  • The author walks through creating two trading companies with different local currencies and a Consolidation Company in Business Central.
  • Chart of Accounts configuration is essential before running the consolidation process, including setting the Consol Debit/Credit Acc. and Consol Translation Method.
  • Business Unit configuration in the Consolidation Company is done using the Assisted Setup or manually via the "Business Units" page.
  • Test transactions are posted in each trading entity to create General Ledger Entries for consolidation.
  • The consolidation process involves setting Average and Closing Rates for different currencies, running the consolidation, and reviewing resulting General Ledger Entries.

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