Correcting Discount and Markup Items on Multiple Currencies Orders

This notice is intended for customers who use the Multiple Currencies feature in NetSuite and are adding Discount or Markup items to existing transactions.

Prior to 2023.1, NetSuite used an exchange rate for currency conversion whenever a Discount or Markup item was added to a Multiple Currencies transaction. In some instances, this process produced inconsistent results.

What is Changing?

Beginning in NetSuite 2023.1, exchange rates will no longer be used for currency conversion on Discount or Markup items. When you add a Discount or Markup item to a Multiple Currencies transaction, the item’s flat rate will be applied directly to the transaction regardless of currency.