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Hello Community! Josh Maxwell, a User Experience Researcher for NetSuite Foundation has fun a question for you. Imagine for a moment that NetSuite had an assistant like Alexa or Siri. What would you ask of your NetSuite assistant? Use this survey link to share your top questions to the assistant.

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"Did I pay vendor John Doe last month?"
"Take me to my largest sales order for this month."
"What invoices haven't been paid yet?"

Revalue bank balances on the Balance Sheet without impacting reconciled balance

My company switched from using Xero to NetSuite, and I migrated previous years trial balances using journals. Our primary currency is GBP, so for non-Sterling bank accounts I had to journal the balances into a GBP dummy bank account and then journal it back out into the respective foreign currency bank accounts.

Xero would revalue our foreign currency bank accounts, even if there had been no change in the balance, and I am not sure how to replicate this in NetSuite. If I were to journal the revaluation amount from the dummy bank account into the foreign currency bank account, this will then correct the balance on the Balance Sheet but impact the reconciled statement amount, which I don't want.

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