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.
Get ready to take on exciting new challenges and become the next SuiteMaster of the Month!
Join the largest gathering of the NetSuite Community at SuiteWorld in Las Vegas, September 9-12! Discover cutting-edge innovations, attend insightful sessions, network with industry leaders, and elevate your business to new heights. Register here!
June 2021 Ending Consolidation Exchange rate does not match the Ending Rate
While doing our month end reconciliations we noticed that the exchange rate being used on the Balance sheet is the Consolidated Exchange rate which is quite different from the Exchange rate at the end of June. In the past, the Consolidated rate always matched the ending rate for the month. As a result, our balance sheet is showing incorrect balances.
Consolidated exchange rate for end of June 2021 GBP $1.61178499
Exchange Rates as of 6/30/2021 $1.38347
We have never had this issue before, so we are wondering what we skipped or what we did wrong during this close, or do we have an issue with NS?
Tagged:
0