We'd love to hear from you! Provide  feedback  to earn a badge today. Take our quick survey

Discussions

Check out Oracle NetSuite upcoming events and conferences here
Now is the time to ask your NetSuite-savvy friends and colleagues to join the NetSuite Support Community! Refer now! Click here to watch and learn more!
We’re ringing the bell so you know what that means… LAST CALL! This is your last week to register for #SuiteWorld at our early bird special rate and save $300. Join us for our biggest event of the year and learn more about how your business can get the most out of our system. https://lnkd.in/enaAr8p8
Release 2022.2 is Coming! – Get Ready with your Release Preview Account
Expand your NetSuite knowledge by joining our Ask A Guru Live sessions. RSVP on this event now.

June 2021 Ending Consolidation Exchange rate does not match the Ending Rate

edited Jul 26, 2021 7:23PM in Ask A Guru 5 comments

While doing our month end reconciliations we noticed that the exchange rate being used on the Balance sheet is the Consolidated Exchange rate which is quite different from the Exchange rate at the end of June. In the past, the Consolidated rate always matched the ending rate for the month. As a result, our balance sheet is showing incorrect balances.

Consolidated exchange rate for end of June 2021 GBP $1.61178499

Exchange Rates as of 6/30/2021 $1.38347

We have never had this issue before, so we are wondering what we skipped or what we did wrong during this close, or do we have an issue with NS?

Howdy, Stranger!

Log In

To view full details, sign in.

Register

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

Leaderboard

This Week's Leaders

This Month's Leaders

All Time Leaders