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June 10, 2026 | Question of the Week
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Foreign currency reporting - any ideas

edited Apr 2, 2020 4:16PM in Ask A Guru 2 comments

Hi

The business I work for, has requested us to report on our foreign currency. Specifically over a given time period, how much we received in a currency say USD and how we paid out in USD. Not just USD, but GBP, AUD etc etc. The problem we have found that trying to report on this within Netsuite is not so easy, the data is not always right and needs fixing in excel, especially when you have 20 companies, intercompany transfers, advanced intercompany journals, clearing accounts etc. We also use Fast four bank reconciliation.

Any suggestions on best practices or Netsuite partners that can help specifically in this area?

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