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Multi-Currency Consolidation

In addition to standard consolidated reporting, Fathom enables consolidated group reporting for entities with different currencies.

Before you start

Before creating a multi-currency consolidated group, please import each company into Fathom.

Note: each company can have a different Chart of Accounts. And consolidated groups can include companies sourced from different accounting systems.

After importing, check that the currency assigned to each company is correct. You can verify this in ‘Step 2: Company Profile’ of the setup for each company:


To create a multi-currency consolidation, start on the ‘My Companies’ page and click ‘Create a Group’. Then select ‘A Consolidated Group’.

After providing a name for a group, you can select up to 50 companies to include in the multi-currency consolidation. Once you have chosen companies with different currencies, the option to choose a presentation currency will then appear.

Because companies from different regions often use a different financial year, you will need to choose a financial year to use for the group as a whole.

Finally, choose any presentation currency. The full list of currencies supported by Fathom is detailed in the 'Frequently Asked Questions' section below.

The multi-currency consolidated group is then created in a few seconds and it will appear as a new company on the ‘My Companies’ page. The financials for each company in the group, will have been translated to the selected presentation currency.

After consolidating, you should review the KPIs, targets and alerts and set them accordingly for the consolidated group.


All the reports that you are familiar with in a single company are also available for a consolidated group. You can now view profitability, cashflow, growth, trends and more for the group as a whole.

There are additional features to be aware of in a consolidated group.

Within the ‘Financials’ tool, you can hover over an amount on the Profit & Loss or Balance Sheet to discover the breakdown across the consolidated group.

To view a detailed breakdown of your consolidated group, go to the 'Reports' section of Fathom and view the Excel report titled ‘Full consolidated financial results, including eliminations’.

First choose a period. An Excel report is generated that displays the Profit & Loss and Balance Sheet including all accounts from each company in the consolidation. Accounts with the same name will be grouped together into the same row.

Inter-company eliminations and exchange rate adjustments are also displayed.

The comments provide a helpful way to view the amounts before for after translation.

Inter-company Eliminations

The eliminations feature in Fathom assists to remove the impact of transactions between companies in a group, and therefore provides a more accurate view of consolidated performance.

A typical use of an elimination would be to account for inter-company loans or inter-company management fees within a group.

For more information please see our article on eliminations. Fathom also provides a more detailed approach for Multi-Currency eliminations, for more information please refer to this article.

Frequently Asked Questions

How many companies can Fathom support in a multi-currency consolidation?

Fathom currently supports a multi-currency consolidation up to 50 companies. If you require more companies, please contact us at

Which currencies are supported for consolidation?

Fathom currently supports over 60 different currencies.

AED United Arab Emirates Dirham MUR Mauritius Rupee
ANG Netherlands Antilles Guilder MWK Malawi Kwacha
ARS Argentine Peso MXN Mexican Peso
AUD Australian Dollar MYR Malaysian Ringgit
BGN Bulgarian Lev MZN Mozambique New Metical
BHD Bahraini Dinar NGN Nigerian Naira
BIF Burundi Franc NOK Norwegian Krone
BRL Brazilian Real NZD New Zealand Dollar
CAD Canadian Dollar PEN Peruvian Sol
CHF Swiss Franc PGK Papua New Guinea Kina
CLP Chilean Peso PHP Phillipine Peso
CNY Chinese Yuan Renmimbi PKR Pakistan Rupee
COP Colombian Peso PLN Polish Zloty
CRC  Costa Rican Colon  QAR Qatari riyal
DKK Danish Krone RON Romanian New Lei
DOP Dominican Peso RUB Russian Rouble
EGP Egyptian Pound RWF Rwandan Franc
EUR Euro SAR Saudi Riyal
FJD Fiji Dollar SBD Solomon Islands Dollar
GBP Great British Pound SEK Swedish Krona
GHS Ghanian Cedi SGD Singapore Dollar
GMD Gambian Dalasi SLL Sierra Leonean Leones
GNF Guinean Francs THB Thai Baht
GTQ Guatemalan Quetzal TOP Tonga Pa'anga
HKD Hong Kong Dollar TRY

Turkish Lira

HRK Croatian Kuna TTD Trinidad & Tobago Dollar
HUF Hungarian Forints TWD Taiwan Dollar
IDR Indonesian Rupiah TZS Tanzanian Shilling
ILS Israeli New Shekel UAH Ukrainian Hryvnia
INR Indian Rupee UGX Uganda Shilling
JOD Jordanian Dinar USD United States Dollar
JPY Japanese Yen UYU Uruguayan Peso
KES Kenyan Shilling VND Vietnamese Dong
KWD Kuwaiti Dinar VUV Vanuatu Vatu
KYD Cayman Islands Dollar WST Samoan Tala
LKR Sri Lanka Rupee XAF Central African Francs
MMK Myanmar Kyats XCD East Caribbean Dollar
MRO Mauitanian Ouguiya  XOF West African CFA Franc
    ZAR South African Rand
    ZMW Zambian Kwacha

Please contact us at if there are any other currencies you require.

Where does Fathom obtain the exchange rates used in the consolidation?

Fathom sources historical exchange rates from Open Exchange Rates. Fathom uses an inter-bank (without retail fluctuations), mid-market (average of buy/sell rates), rate which is calculated end-of-day using an average of rates from the preceding day.

What's our consolidation method?

For monthly data, Fathom uses the average exchange rate over the month to translate the Profit & Loss accounts. Fathom uses the month end exchange rate for translating Balance Sheet accounts.