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Join us for complimentary one-day events around the world and step into a future fueled by AI and limitless potential. Explore new breakthroughs, sharpen your skills, and connect with experts who are shaping what’s next. Experience bold keynotes, interactive learning, and connections that span the global NetSuite community. Discover what's next at SuiteConnect Tour 2026.
NetSuite launches new wholesale distributions solution in Japan in January 2026!
NetSuite has launched SuiteSuccess Wholesale Distribution Edition, in Japan. Please join us the webinar on February 12 that introduces NetSuite solution with demos and case studies for Wholesale Industry.
Register Now
NetSuite has launched SuiteSuccess Wholesale Distribution Edition, in Japan. Please join us the webinar on February 12 that introduces NetSuite solution with demos and case studies for Wholesale Industry.
Register Now
NetSuite 2026.1 Release Notes - This document summarizes the changes to NetSuite between 2026.1 and the previous release.
Have questions or experiences to share? Post your Release 2026.1 questions and join discussions in the Release 2026.1 category.
Have questions or experiences to share? Post your Release 2026.1 questions and join discussions in the Release 2026.1 category.
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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