diff --git a/erpnext/setup/doctype/company/company.js b/erpnext/setup/doctype/company/company.js
index 19df429e491..8b6329da031 100644
--- a/erpnext/setup/doctype/company/company.js
+++ b/erpnext/setup/doctype/company/company.js
@@ -17,6 +17,9 @@ frappe.ui.form.on("Company", {
 				frm.toggle_enable("default_currency", !r.message);
 			});
 		}
+		if (frm.doc.__islocal) {
+			frm.set_value("reporting_currency", "");
+		}
 	},
 	setup: function (frm) {
 		frm.__rename_queue = "long";
@@ -156,6 +159,10 @@ frappe.ui.form.on("Company", {
 			}
 		}
 
+		if (frm.doc.__islocal) {
+			frm.set_value("reporting_currency", "");
+		}
+
 		erpnext.company.set_chart_of_accounts_options(frm.doc);
 	},
 
diff --git a/erpnext/setup/doctype/company/company.json b/erpnext/setup/doctype/company/company.json
index 41c47147503..54611d6479d 100644
--- a/erpnext/setup/doctype/company/company.json
+++ b/erpnext/setup/doctype/company/company.json
@@ -22,6 +22,7 @@
   "domain",
   "date_of_establishment",
   "parent_company",
+  "reporting_currency",
   "company_info",
   "company_logo",
   "date_of_incorporation",
@@ -835,6 +836,14 @@
    "fieldtype": "Select",
    "label": "Reconciliation Takes Effect On",
    "options": "Advance Payment Date\nOldest Of Invoice Or Advance\nReconciliation Date"
+  },
+  {
+   "fieldname": "reporting_currency",
+   "fieldtype": "Link",
+   "label": "Reporting Currency",
+   "options": "Currency",
+   "print_hide": 1,
+   "read_only": 1
   }
  ],
  "icon": "fa fa-building",
diff --git a/erpnext/setup/doctype/company/company.py b/erpnext/setup/doctype/company/company.py
index 8146083075e..160748b5e69 100644
--- a/erpnext/setup/doctype/company/company.py
+++ b/erpnext/setup/doctype/company/company.py
@@ -91,6 +91,7 @@ class Company(NestedSet):
 			"Advance Payment Date", "Oldest Of Invoice Or Advance", "Reconciliation Date"
 		]
 		registration_details: DF.Code | None
+		reporting_currency: DF.Link | None
 		rgt: DF.Int
 		round_off_account: DF.Link | None
 		round_off_cost_center: DF.Link | None
@@ -153,6 +154,7 @@ class Company(NestedSet):
 		self.check_parent_changed()
 		self.set_chart_of_accounts()
 		self.validate_parent_company()
+		self.set_reporting_currency()
 
 	def validate_abbr(self):
 		if not self.abbr:
@@ -490,6 +492,14 @@ class Company(NestedSet):
 			if not is_group:
 				frappe.throw(_("Parent Company must be a group company"))
 
+	def set_reporting_currency(self):
+		self.reporting_currency = self.default_currency
+		if self.parent_company:
+			parent_reporting_currency = frappe.db.get_value(
+				"Company", self.parent_company, ["reporting_currency"]
+			)
+			self.reporting_currency = parent_reporting_currency
+
 	def set_default_accounts(self):
 		default_accounts = {
 			"default_cash_account": "Cash",
@@ -681,7 +691,7 @@ class Company(NestedSet):
 			frappe.db.sql("delete from tabBOM where company=%s", self.name)
 			for dt in ("BOM Operation", "BOM Item", "BOM Scrap Item", "BOM Explosion Item"):
 				frappe.db.sql(
-					"delete from `tab{}` where parent in ({})" "".format(dt, ", ".join(["%s"] * len(boms))),
+					"delete from `tab{}` where parent in ({})".format(dt, ", ".join(["%s"] * len(boms))),
 					tuple(boms),
 				)