Discussions
Join us for complimentary one-day events around the world and step into a future fueled by AI and limitless potential. Explore new breakthroughs, sharpen your skills, and connect with experts who are shaping what’s next. Experience bold keynotes, interactive learning, and connections that span the global NetSuite community. Discover what's next at SuiteConnect Tour 2026.
Have questions or experiences to share? Post your Release 2026.1 questions and join discussions in the Release 2026.1 category.
Intelligent Payment Automation, powered by BILL (formerly 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.
How to automatically look back unrealized gains/losses to realized gains/losses
How to automatically look back unrealized gains/losses to realized gains/losses
You are a Japanese company.
Suppose that in Journal Entry Transaction, the company borrowed from an overseas bank on 2024/08/01 in a foreign currency transaction.
(Debit) Savings account $100,000
(Credit) Long-term debt $100,000
The exchange rate at this time is 1USD=160JPY.
Assume that a currency revaluation is performed on 2024/08/31.
The exchange rate at that time is 1USD=170JPY.
When the currency revaluation is executed, the following journal entry is recorded.
(Debit)Unrealized gain/loss 1,000,000JPY
(Credit) Long-term debt 1,000,000 JPY
Normally, when the long-term debt is repaid later, the unrealized gain/loss should be automatically transferred to the realized gain/loss.