What this article covers: How BrizoConsol handles entities operating in different currencies — setting the reporting currency for each entity and the group, how translation works in consolidated reports, and what to check if currency figures look unexpected.
If your group includes entities that operate in different currencies — for example, a Singapore entity reporting in SGD alongside an Australian entity reporting in AUD — BrizoConsol automatically translates each entity's figures into the group's reporting currency when producing consolidated reports. No manual conversion is required.
1. How It Works
BrizoConsol operates with two levels of currency:
Level
What it means
Entity Currency
The base currency of each individual entity — the currency its accounting system uses. Set in Organisation Settings → Organisation Details for each entity.
Group Reporting Currency
The single currency all consolidated reports are presented in. Set in Organisation Settings → Organisation Details at the group level.
When you run a consolidated report, BrizoConsol translates each entity's figures from its entity currency into the group reporting currency automatically, using exchange rates sourced for the relevant period.
2. Setting the Currency for Each Entity
Each entity's currency should be set to match the currency used in its accounting system. To set or confirm it:
1
Switch to the individual entityUse the top-left dropdown to select the entity (not the group).
2
Go to Organisation Settings → Organisation DetailsThe Currency field shows the entity's current base currency.
3
Confirm or update the currency and saveIf you connected to Xero, QuickBooks, MYOB, or Zoho Books, the currency is typically imported automatically. Verify it matches the accounting system before running your first consolidation.
⚠️ Important: Set each entity's currency before running consolidation. Changing an entity's currency after data has been imported may affect historical report figures and should be done with care.
3. Setting the Group Reporting Currency
The group reporting currency is set at the consolidated group level and applies to all consolidated reports, dashboards, and Insight Packages for that group.
1
Switch to your consolidated groupUse the top-left dropdown to select the group (not an individual entity).
2
Go to Organisation Settings → Organisation DetailsSet the Currency field to your group's reporting currency (e.g. USD, SGD, AUD) and save. All consolidated reports will present figures in this currency from this point forward.
💡 Tip: If an entity's currency is the same as the group reporting currency, no translation is applied — its figures flow through as-is.
4. How Currency Translation Works in Reports
When BrizoConsol consolidates a multi-currency group, it applies standard accounting translation rules:
Statement
Rate Applied
Why
Profit & Loss
Profit & Loss Rate
Income and expenses occur throughout the period, so the P&L rate best represents the economic activity
Balance Sheet
Balance Sheet Rate
Assets and liabilities are valued at the Balance Sheet rate in effect at the reporting date
Cash Flow
Profit & Loss Rate
Cash movements are translated at the P&L rate for the period in which they occurred
🛈 Note: The difference between translating assets/liabilities at the closing rate and equity at historical rates produces a foreign currency translation reserve (also called a translation adjustment). This appears in equity on the consolidated Balance Sheet and is a normal result of multi-currency consolidation — not an error.
5. Viewing Results by Entity Currency
Consolidated reports always display figures in the group reporting currency. To view an individual entity's figures in its own currency — without translation — switch to that entity using the top-left dropdown and open the same report. The report will show figures in the entity's base currency.
💡 Tip: This is useful for reconciling an entity's local statutory figures against what flows into the group consolidation — switch between the entity view (local currency) and the group view (group currency) to understand the translation impact.
6. Troubleshooting — Currency Figures Look Unexpected
If consolidated figures don't look right, work through the following checks:
1
Check each entity's currency settingGo to Organisation Settings → Organisation Details for each entity and confirm the currency matches the accounting system. A mismatch here is the most common cause of incorrect translated figures.
2
Check the group reporting currencySwitch to the consolidated group and confirm the currency in Organisation Details is set to your intended reporting currency.
3
Confirm the entity is in the hierarchyGo to Global Settings → Organisation Hierarchy and verify the entity is correctly positioned under its group. An entity outside the hierarchy does not contribute to consolidation.
4
Check that data has syncedGo to Organisation Settings → Data Loading for the relevant entity and confirm the latest sync completed successfully. Stale or incomplete data will affect translated figures in the consolidation.
🌟 Summary: Set the correct currency on each entity and on the group before running your first consolidation. After that, BrizoConsol handles all translation automatically — consolidated reports always reflect the latest exchange rates for each period.
