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Read on for the latest updates including:
• Agenda Builder launch
• SuiteWorld On Air registration
• New NetSuite Prompt Studio Contest
• And more!
Check out this thread to learn more!
How to Account for Realized Gain/Loss Investment Bank Account?
Hello Guru's,
I'd like to ask you for best practice regarding following scenario.
We have a sort of 'investment' account in the bank. In general we invest the money in EUR and receiving back money in various currencies (e.g. CZK, USD etc.).
However once we send the money and receive the money back in different currency, we need to be able to match these transactions and Realized Gain/Loss should be posted as the 'deal is closed'.
We are now not too sure, which account type should we use for such account. As the Realized Gain/Loss are only created once it's AR or AP account type and transactions are matched as payment.
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