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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.
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Different ending balance on balance sheet vs account register on MultiCurrency accoun
After reconciling our MultiCurrency account this month I found out that the balance from the bank statement and reconciled balance in Netsuite does not match the balance on the balance sheet.
We have no future transactions booked on this account.
The register shows the correct "balance", but on the same page on the lower right hand corner it shows an incorrect "current ending balance".
I actually realized that the calculated base currency (which is calculated automatically, right?) is wrong in the prior month.
In all previous months Netsuite calculated the correct base currency for the foreign currency value.
In the past month, the base currency USD amount almost equals the foreign currency EUR, which is incorrect.