NSC | Change Matching Gain/Loss Account

Scenario

The user wants to modify the unrealized matching gain/loss account and assign it to a different account. They would like to know if the system-generated unrealized matching gain/loss account be changed to an alternative account.

Solution

This is possible by enabling a feature named Foreign Currency Variance Mapping.

The Foreign Currency Variance Mapping feature enables you to create foreign currency variance posting rules that determine the accounts into which foreign currency variances are posted. If your NetSuite implementation has no variance posting rules, NetSuite posts the gains and losses from fluctuations in foreign exchange rates to default system-generated accounts.