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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.
NetSuite launches new wholesale distributions solution in Japan in January 2026!
NetSuite has launched SuiteSuccess Wholesale Distribution Edition, in Japan. Please join us the webinar on February 12 that introduces NetSuite solution with demos and case studies for Wholesale Industry.
Register Now
NetSuite has launched SuiteSuccess Wholesale Distribution Edition, in Japan. Please join us the webinar on February 12 that introduces NetSuite solution with demos and case studies for Wholesale Industry.
Register Now
NetSuite 2026.1 Release Notes - This document summarizes the changes to NetSuite between 2026.1 and the previous release.
Have questions or experiences to share? Post your Release 2026.1 questions and join discussions in the Release 2026.1 category.
Have questions or experiences to share? Post your Release 2026.1 questions and join discussions in the Release 2026.1 category.
FX ERRORS in Inventory Received But Not Billed acccount
When you receive an item purchased in a foreign currency, the Item Receipt transaction posts a value to the "Inventory Received But Not Billed" account based on the FX rate used in the P.O.
But when the item gets billed, a new FX rate is entered as of the bill date. So when the bill gets entered a different value gets removed from the "Inventory Received But Not Billed" account.
This causes a FX variance that remains in the "Inventory Received But Not Billed" account permanently. This is wrong.
If you import stuff from abroad that has a long lead time and the FX rate has changed on you - watch out - you may have significant FX gains or losses that remain hidden on your balance sheet.
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