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How Netsuite performs multi currency conversions

edited Apr 6, 2015 3:54AM in Accounting / ERP 1 comment

we use Netsuite one world and the req is to have few mangers the purchase approval limit 5000$
and we use the latest conversion rate in lists > accounting > multiple currencies to calculate and set in INR to a employee in Inda subsidiary accordingly(conv rate 62.2177 and the amount in Inr is 311,078.77)

Then when we run a search then it is listing different value(5450 instead of 5000)

So can anyone have an idea on how netsuite performs this conversion

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