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As you can see from the Currency List captured after completing the download, exchange rates for only 12 of the most actively traded currencies were available.

If you’re using a currency for which exchange rates aren’t readily available, you’ll have to enter that rate manually. US dollars) is the product of the exchange rate and the amount of the foreign currency.

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These reports can be customised, branded and exported to Excel.

Right away that’s one disadvantage of this strategy: it’s more than 4x the cost of Quickbooks Pro.

Quick Books Enterprise can only combine data to produce the following reports: Here’s the problem: what if you want to do other types of financial analysis on the combined company data?

If required, inter-company eliminations can be applied.

Using Fathom you can easily track and monitor the performance of a consolidated group.

We have screen shots of how it all works below, organized to match the menu and a typical workflow.

First, Quick Books multi-currency support is off by default. Quick Books 2009 offers the ability to download the latest exchange rates.

All of the above reasons are true of reporting in general.

For organisations with multiple Quick Books entities, creating consolidated reports is easier than you think!

You can use Quick Books to consolidate statements, but it involves careful bookkeeping.

Under some circumstances, you’ll need an upgrade or use of a third-party program to import the financial data into Quick Books.