Light stores every transaction in three currency perspectives simultaneously: transaction currency, local (entity) currency, and group currency. When running reports across multiple entities, you choo...
Last updated Apr 8, 2026 · 1 min read
Every report has a currency selector with two options:
| Option | Label | Description |
|---|---|---|
| LOCAL | Entity Crcy | Shows each entity's figures in its own functional currency |
| GROUP | Group Crcy | Shows all entities translated to the company's base (group) currency |
Note: Entity Crcy cannot be used when viewing multiple entities that have different functional currencies. If you select it in that case, Light shows a warning: "Selected entities have different currencies." Switch to Group Crcy for cross-entity comparisons.
Entity Crcy is useful when:
Group Crcy is useful when:
Translation from local to group currency happens server-side automatically using the exchange rates stored against each transaction. There are no translation rate settings to configure in the report UI — the translated amounts are calculated from the rates recorded at posting time.
For consolidated reports, all per-entity columns, the Subtotal, and the Consolidated column are shown in the group currency.
Unrealized FX gains and losses on open balances (e.g. a foreign currency receivable whose value has changed since it was recorded) are handled through the FX Revaluation module, which is separate from reporting.
To create an FX revaluation:
FX revaluation entries post to the ledger as accounting documents and appear in reports once posted.
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