Branch located outside inside
We have a scenario of a client in india but have a branch in abroad.Can we maintain it in a single company.But the currency
of the branch will not be in INR.And the inventory of the branch will be in foreign currency.
If not possible , please suggest the alternative?
Edited by: Paul Finneran on Sep 25, 2008 12:59 PM
Former Member replied
If you are using one company then there could be only one SYSTEM CURRENCY (which seems to be INR in your case) and Local Currency as the Foriegn Currency of the Country.
When the transaction gets posted as a Journal entry the JE gets posted in both currencies and is available for Reporting.
I am clear as to where you want the currency for the foreign branch to be shown in foreign currency