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New to NetSuite | Transaction Currency for Cross-Charge Transactions
After you enable the Intercompany Framework, you will see a Generate Intercompany Cross Charges task on your period-end checklist. Before you run it, make sure to choose your default currency exchange rate type.
To set the Cross-Charge currency:
1. Navigate to Setup > Accounting > Intercompany Preferences.
2. On the Accounting subtab, within the Currency section, select an option from the dropdown list.
3. Click Save.
Defining the default exchange rate type is critical for the accurate execution of the Generate Cross Charges task. This ensures your intercompany cross-charge currency management is handled consistently.
For further technical guidance on optimizing these workflows, please refer to our upcoming documentation.
Niña Camille Paule | Advanced Accounting and Reporting
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