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Change in Transactions That Record Realized Gain or Loss

in Announcements

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

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