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Currency Revaluation - Deferred Revenue?

edited May 13, 2013 6:53AM in Accounting / ERP 9 comments

Good afternoon,

I'm looking at NetSuite's currency revaluation engine, and wondering if it's broken with regards to deferred revenue/expense. It appears to revalue all foreign currency transactions that have hit an account.  In the case of AR/AP, it only does what's open, which makes sense.  But for other accounts it does everything, which makes sense for all accounts except deferred accounts (be they revenue or expense).

For example, let's say you booked an invoice for 300 EUR 3.5 yrs ago to a USD entity, and put that 300 EUR to deferred, to be recognized over 3 yrs. You run revaluation today, and though that revenue was fully recognized 6 months ago, NetSuite still revalues that 300 EUR. 

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