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.

Don't miss out on our Question of the Week! You only have until December 07, 2PM EST to comment your answers and earn rewards! Click here for more details.

Expand your NetSuite knowledge by joining our Ask A Guru Live sessions. RSVP on this event now.

Discover NetSuite's potential! Join our webinars, learn from experts, and optimize your operations. Whether you're experienced or new, secure your spot today and stay ahead in NetSuite!
Share with colleagues and friends who could benefit from our webinars too!

NetSuite Support Community Gurus schedule during the Holiday Season.

In observance of Public Holidays and Oracle Mandatory Year-End break, our NetSuite Support Guru Team will be offline on December 25 to 29 and January 1, 2024.

The NetSuite Support Community site will be up and running on the dates mentioned above, and you may continue to post your questions and discussions. Our NetSuite Support Gurus will respond to unanswered questions posted during the holiday break once we resume normal operations on January 2, 2024.

We wish you a safe and enjoyable Holiday Season. We are grateful for your participation and contributions in the community, and we look forward to collaborating with you in 2024.

Thank you,
NetSuite Support Community Team

Change in Transactions That Record Realized Gain or Loss

Feb 2, 2021 2:58PM 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