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SuiteWorld October 6 - 9, 2025: Agenda Builder is live!
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Read on for the latest updates including:
• Agenda Builder launch
• SuiteWorld On Air registration
• New NetSuite Prompt Studio Contest
• And more!
Check out this thread to learn more!
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Don’t miss your chance to meet our SuiteGurus—NetSuite Support professionals and subject matter experts with extensive experience in select product areas, including OneWorld, Advanced & Basic Accounting, Supply Chain Management, Receivables & Payables, CRM, Account Administration, and the SuiteCloud Platform. Full Conference attendees can prebook exclusive 30-minute one-on-one sessions for your product questions.
Spots are limited! Register through your Agenda Builder and find SuiteGuru under Agenda Enhancements.
exchange rates: buying versus selling
For our company, the base currency is ANG.
Let's consider customers and vendors located in the US.
Currently, Netsuite only allows us to specify ONE exchange rate from USD to ANG. However, the bank uses two different exchange rates: one rate when US dollars are transferred INTO our ANG bank account; another rate when US dollars are transferred OUT OF our ANG bank.
For example:
on the A/R side,
invoice = $1000
US based customer makes payment by transferring money to our ANG bank account.
The bank uses exchange rate = 1.78, thus $1000 = Ang 1780
now let's consider the A/P side:
bill = $1000
We transfer money to this US based vendor from our ANG bank account.
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