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Intelligent Payment Automation, powered by BILL (aka Bill.com), lets you automate payments, manage vendor details, and bank account information within NetSuite.
The SuiteApp is available to organizations based in the U.S. with a valid U.S. address, or to global customers (except Canada, China, and Japan) with U.S. business subsidiaries. It only supports payments to vendors operating in the United States.
For more information, visit this thread.
Intelligent Payment Automation, powered by BILL (aka Bill.com), lets you automate payments, manage vendor details, and bank account information within NetSuite.
The SuiteApp is available to organizations based in the U.S. with a valid U.S. address, or to global customers (except Canada, China, and Japan) with U.S. business subsidiaries. It only supports payments to vendors operating in the United States.
For more information, visit this thread.
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How to record a currency gain/loss on a Customer Payment against Invoice
We frequently record customer invoices that end up being paid in a foreign currency, so need to record a currency gain/loss when we receive the payment. Here's an example: \
- 1/31/2019 - Customer Invoice - £50,000, recorded in USD at the exchange rate on that date
- 3/15/2019 - Payment of £50,000 is made in GBP from Customer and deposited into a USD bank account, at the exchange rate on that date so there is a difference between USD amount on Customer Invoice and USD amount on Customer Payment record.
In Quickbooks we recorded the difference in a Currency Exchange Gain/Loss expense account, but we can't figure out how to do that with the limitations of the Customer Payment transaction type.
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