megaphone
Update your Profile with your Support type to get your Support Type badge.
Nominate Your Peers for NetSuite Support Community's Choice of the Quarter! Submit your nomination today.
Stay in the know of how NetSuite can help grow your business with our guides, webinars, and events. Subscribe Here
What Topic Should We Cover Next? Your idea could be our next feature—drop your suggestion now!
No Limits. Just possibilities. Join us for complimentary one-day events around the world and step into a future fueled by AI and limitless potential. Discover what's next at SuiteConnect Tour 2026.
Try Intelligent Payment Automation – Fee Free For Your First Month For more information, visit this thread.
New AI Community Guidelines. Please review and follow them to ensure AI use stays safe, accurate, and compliant.
Expand your NetSuite knowledge by joining our Ask A Guru Live sessions. RSVP on this event now.

Discussions
Stay up-to-date with the latest news from NetSuite. You’ll be in the know about how to connect with peers and take your business to new heights at our virtual, in-person, on demand events, and much more.
New AI Community Guidelines. Please review and follow them to ensure AI use stays safe, accurate, and compliant.

How to correct Vendor Bill for stock item posted at different exchange rate?

edited Apr 19, 2023 4:13PM in Ask A Guru 4 comments

Hi All

Please advise what is the best workaround solution if our client prefers to recognise a lower cost of sales and take the difference to realised exchange loss.

Is it necessary to make any adjustments at all as I feel it is not important since the Custom is paid in full in USD no matter what is the Custom rate or inhouse rate.

Our client has made a mistake when she posted an inventory USD vendor bill in the month of Mar 23 at exchange rate 1.36 and the period is locked.

However, in Apr 23, she realised that the actual exchange rate issued by the Singapore Custom is at 1.33.

Thanks for your guidance.

Kedalene Chong

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!

Leaderboard

Community Whiz

Quarter 2 (Apr-Jun 2026)

This Week's Leaders

This Month's Leaders

All Time Leaders