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 Jul 22, 2026 · 2 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:
Light does not re-translate balances at report time. The group-currency amount of every line is calculated and stored when the document posts, using the exchange rates in effect at that time. There are no translation rate settings to configure in the report UI — Group Crcy reports simply sum the stored group-currency amounts.
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 period-close task, which is separate from reporting.
To run an FX revaluation:
FX revaluation entries post to the ledger as accounting documents and appear in reports once posted.
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