I've found that Dyn GP and Management Reporter cannot create consolidated F/S that have multi-levels of currency translation and I'm wondering what other GP users are doing to create such reports. For example, 2 Canadian currency companies need to be consolidated with their EURO parent company, 2 British Pound companies need to be consolidated with their EURO parent company, and 2 Mexican currency companies need to be consolidated with their EURO parent company. MR can certainly handle these consolidations but each of these consolidated EURO parent companies need to be consolidated into another EURO parent company and then that consolidated EURO company must be consolidated with a US Dollar parent company. What I found that MR cannot do is middle-level consolidation/translation--translate the already translated and consolidated amounts to USD. MR goes all the way back to the original/child companies and does the translation from their functional currencies to USD. This causes problems with intercompany transactions between the subsidiary companies and I've been told this method is not in compliance with GAAP. We've started looking into 3rd party products but the ones that have this functionality are very expensive. So I'm wondering what other Dyn GP users in this situation are doing. Any thoughts/feedback is appreciated.
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