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Intelligent Payment Automation version 1.0.3 is now available in the SuiteApp Marketplace. The SuiteApp, powered by BILL, lets you automate payments, manage vendor details, and bank account information within NetSuite. Learn more
Why is there no Foreign Exchange Rate Gains between Bill Payment and Purchase Order?
No foreign exchange losses are recorded.
An Item Receipt is created from a PurchaseOrder and a Bill Payment is created, but even if the exchange rates of the Item Receipt and the Bill Payment are different, no exchange loss is recorded.
For example, the exchange rate when the Item Receipt is created is $120
If the exchange rate at the time the Bill Payment is made is $130, the difference of $10 should be recorded as a foreign exchange loss, but for some reason it is not.
Is there some special setting I need to do? Please let me know.
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