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Attention: Customers with NetSuite Electronic Bank Payment (EBP) SuiteApp, version 2020.2 QA (ID 315896) must UPDATE (do NOT uninstall) their bundle to the Production version 2022.1 (ID 416781) by December 31, 2022. Note: If users fail to manually update the Electronic Bank Payments SuiteApp within the given time window, this version of the SuiteApp (ID: 315896) will be deprecated and the account will not be updated to Leading version (2022.1) of the Electronic Bank Payments SuiteApp. Please refer to the campaign email sent to impacted customers for more information.
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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

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