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.
Keep an eye out for upcoming NetSuite events, including meetups, workshops, and webinars. These sessions are a great way to connect with peers, learn from experts, and stay current on the latest NetSuite updates and best practices. Registration links are provided in each event.
Save $300 - limited to first 1,000 registrants
Join the NetSuite community to innovate, connect, and discover what’s next.
SuiteWorld brings thousands of innovators, builders, and leaders together to learn, connect, and shape what’s next. This October, explore how to build a stronger foundation for growth through inspiring keynotes, major product reveals, hands-on sessions, and unforgettable moments—all in one place for our biggest event of the year. Register now
Join the NetSuite community to innovate, connect, and discover what’s next.
SuiteWorld brings thousands of innovators, builders, and leaders together to learn, connect, and shape what’s next. This October, explore how to build a stronger foundation for growth through inspiring keynotes, major product reveals, hands-on sessions, and unforgettable moments—all in one place for our biggest event of the year. Register now
NSC| How to reconcile Unrealized Gain/Loss Currency Revaluation using a Customized Balance Sheet?
In NetSuite, Unrealized Gain/Loss revaluation is generated at month end, users may find two currencies in the details of the currency revaluation, this is because Revaluation of accounts is performed on a per currency basis.
Here is an example of a Currency Revaluation with two currencies (the Base Currency of the Subsidiary is in USD):
The Base Currency Balance is the total balance of the account at the end of the period per currency
The Foreign Currency Balance – total account balance based on the exchange rate posted from foreign currency.
You can customize your Balance Sheet for (non-Accounts Receivable/Payable accounts) to further analyze the details of Foreign Currency Balance and Base Currency Balance:
0