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We’re excited to announce that the 2025 Community Recap is now available! This special recap highlights the amazing contributions and achievements of our members over the year and celebrates the collective success of our community.
Check your personalized recap to see the impact you made in 2025 and how your efforts helped shape our community’s growth and success.
View Your 2025 Community Recap
Thank you to everyone for your passion, collaboration, and support. Here’s to building an even stronger community together in the year ahead!
New to NetSuite | Multiple Currencies Feature
A currency is a monetary unit used by companies to conduct and measure their financial transactions. In NetSuite each company or subsidiary has its own base currency – this is the default currency of which records and reports are maintained per company/subsidiary. The base currency is the currency used in recording G/L impacting transactions. While base currency is used in most transactions, users may be sometimes engaged in foreign currencies in their business operations.
The Multiple Currencies feature enables companies and subsidiaries to record and transact using different currencies other than their base currencies. NetSuite helps in converting the foreign currency amounts to the base currencies of companies and subsidiaries when this feature is enabled via Currency Exchange Rates.
Patrick Fresnosa | Advanced Accounting | SRP | Ask a Guru
