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Foreign Exchange Issue - Pipeline and Backlog
We have uncovered a major flaw in the financial reports used by our organisation within NetSuite.
We operate using multi currency and usually run the reports as Consolidated.
When we do this, the report shows the figure as the Euro rate.
This is explained in better detail in the example below:
Opportunity A : was created for a US Customer in October 2014.
The consolidated exchange rate at this period of time is : 0.788
The Projected total for the opportunity was : $240,000.
When executing the Pipeline report today (April 2016) - the column "Projected Total" is displaying as €189,120.
Currently the consolidated rate for April 2016 is : 0.82 (which is the correct exchange rate for when we are running the report)
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