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Discover new innovations across NetSuite with 2026 Release 2
■ NetSuite 2026.2 Release Notes
■ NetSuite SuiteApps Release Notes
■ NetSuite Sneak Peeks
■ Release Preview Guide
■ Release Preview Test Plan Template
■ NetSuite 2026.2 Release Notes
■ NetSuite SuiteApps Release Notes
■ NetSuite Sneak Peeks
■ Release Preview Guide
■ Release Preview Test Plan Template
Action Required: Review and submit pending reconciliation matches before the NetSuite upgrade to avoid rework. After 26.2, unsubmitted matches will be unmatched. For more details, see SuiteAnswers 1047397
Currency Rate Impact on Reports
Hey ,
I have this big confusion on NS handles the currency rates when it comes to reporting .:h_a_w:
As per NS they have recommended that ,
• Current rate (method) is used for most asset and liability accounts in the balance sheet.
• Average rate (method) is used to translate accounts in the income statement and to build retained earnings.
• Historical rate (method) is used for equity accounts, or owner's investments, in the balance sheet.
So the confusion is If we use average rate method for Cash flow statement
How will be cash balance equals to Balance Sheet amount (BS calculated based current rate)
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