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NSC| How to reconcile Unrealized Gain/Loss Currency Revaluation using a Customized Balance Sheet?

edited Jun 2, 2025 2:37PM in Accounting / ERP


In NetSuite, Unrealized Gain/Loss revaluation is generated at month end, users may find two currencies in the details of the currency revaluation, this is because Revaluation of accounts is performed on a per currency basis.


Here is an example of a Currency Revaluation with two currencies (the Base Currency of the Subsidiary is in USD):


The Base Currency Balance is the total balance of the account at the end of the period per currency

The Foreign Currency Balance  – total account balance based on the exchange rate posted from foreign currency.

You can customize your Balance Sheet for (non-Accounts Receivable/Payable accounts) to further analyze the details of Foreign Currency Balance and Base Currency Balance:

Patrick Fresnosa | Advanced Accounting | SRP | Ask a Guru

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