My client have to open a new branch with different currency than the Headquater. Any best practice to do it??
You may design a new database......
And keep it on same server....
It is easliy create a new DB but how to connect those two DB in order to read the G/L from Head office?
In that case separate DB concept wont work you have to mention all those in same DB where all the GLs for Headquarters exist. But in such case the your separate currency concept wont work.....
Then are there any tools for export the GL from branch and then import to Head office?
DTW is there, Copy Express is there which function only to import the Master Accounts.....
That means lack of solution for the tansaction. Thank you very much
The new DB for new branch can be set as different currency for LC but SC keeps the same as head-quarter. In this way, the consolidation report would be easy through SC as long as they share the same Chart of Accounts.