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Foreign Currency Conversion
Hi All
We are having problems with NetSuite's Currency Re-Valuation. We have the following scenario:
1. Bank accounts in Euro while base currency in Company is USD
2. Created transactions in Euros paying out of Euro bank account
3. At month end, the Euro bank accounts do not translate at the month end rate per the currency table, they translate at ad hoc amounts. I cannot figure out how the currency revaluation entry is calculated. It does not make sense.
4. We have the currency exchange rate integration turned on and this is a multi-company account
Any ideas? I cannot even find a pattern as to what NetSuite is doing? Anyone else having this problem?
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