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!
Update your Profile with your Support type to get your Support Type badge.
Expand your NetSuite knowledge by joining our Ask A Guru Live sessions. RSVP on this event now.
Community Poll: What sort of content would you like to see more of?
Get ready to take on exciting new challenges and become the next SuiteMaster of the Month!

Change in Transactions That Record Realized Gain or Loss

This notice is intended for customers who have the Multiple Currencies feature is enabled in your account. NetSuite 2021.1 includes a change in the transactions that post realized gain or loss. The 2021.1 release phases are targeted from mid-February through mid-April of 2021.

Realized gains or losses may result from the application of a payment in foreign currency transactions. Currently, in some circumstances, such realized gain or loss is posted with the payment transaction and shown on its GL Impact page. For details of the current behavior, see Transactions That Post to Realized Gain/Loss, SuiteAnswers ID 82955.

What is Changing?

When your account is upgraded to 2021.1, any variance that results in realized gain or loss will post as a separate currency revaluation transaction. This currency revaluation is linked to the source transaction as a related record.

Regards,

@Robert Nedelkow-Oracle | NetSuite Support Community Administrator

Earn Community badges now! Refer a Member | Answer Accepter

Howdy, Stranger!

Log In

To view full details, sign in.

Register

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

Leaderboard

Community Whiz

Quarter 3 (Jul-Sep 2024)

This Week's Leaders

This Month's Leaders

All Time Leaders