Multiple Companies in a Group of Companies

Good day

If 4 companies exist in a group of companies, and each company in the group have different currency e.g.:
Group Company (Parent) = ZAR
Company 1 = ZAR
Company 2 = KES
Company 3 = EUR
Company 4 = USD

Must I create account types for each company, and a chart of account for each company?

Or is there a way to only create all at group level?

Yes, you should creat a chart of accounts for each company you want to have accounting.

So what is the goal to group companies? What is the benefit far away to get “visually” grouped? There is any change in terms of behaviour to group companies?

For example to let a user of the group to work on each of the children companies.

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2 posts were split to a new topic: Chart of accounts for multiple companies