In this solution, we will be addressing the process of creating consolidated financial reports, such as a Balance sheet, for multiple Zoho Finance Organizations that operate with different base currencies.
In this post, we will describe the solution step-by-step, by using the Single Organization Setup in Zoho Analytics, with a few additional steps.
First, we need to create tables to consolidate the data from all organizations and convert their different base currencies into a single base currency.
Follow the steps below to create consolidated financial reports:
- Import the data from one of the organizations using the single organization setup.
- Add the other Zoho Finance organizations with different base currencies into the same workspace using the Add Datasource option.
- Create a currency table with conversion rates.
- Create two query tables to unify the Accounts and Accrual Transaction tables of all the organizations. Check the sample queries to create these query tables.
- With these query tables, you can now create consolidated financial reports.
The following presentation shows in detail how to create Consolidated Reports for multiple orgs with the different base currency.