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Accounts Payable - FOREX and Hedged Transactions

edited Dec 23, 2019 10:45PM in Accounting / ERP

We are currently in process of streamlining our hedged Accounts payable payments in NetSuite. The issue currently we are facing is that once we have hedged our FOREX payment we have to change the exchange rate to hedged rate at PO stage, receipt & at the time of Billing and then again at payment stage if there is any variation. In practice, that means we hold off entering our FOREX bills in NetSuite till the payment is done. By following our current process we are facing few issues that is our inventory is not recorded at correct date in our

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