Changing Currency of one Company

Hi,
I have a short question. We have BPC 5.1 on MS.
We are not using the Ownership database.
Now I have to change within a year one company from CHF to EUR (so they were entering/uploading in CHF now in EUR).
We have Account transformations that are copying the Opening Balance values from closing month into the current month.
What is the best way to change from CHF to EUR?
Thanks and regards

My suggestion will be to create a new Entity and after that you will use this new entity for reporting.
If we will use the same entity but you will change the currency then you will have a problem with previous year reporting.
So LC until now and all the iunput was done in CHF.
If you will change the currecny to be EUR all the input will be done in EUR.
So if you will compare in LC what you have input previous year and what you input this year you will have a problem.
Because previous year LC was actually CHF and not it is EURO.
So you will compare values of two different currency and this will be wrong.
So you have to create a new entity with new currency and you have to copy from CHF of old entity into LC all the values from previous year.
In this way from now you can use this new entity which will have all the values correct for all years.
I hope this it will help you to perform the right change,
Regards
Sorin Radulescu

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