Hi,
We have an Advanced Intercompany Journal Entry (JE) recorded a few years ago between two subsidiaries with different currencies. Unfortunately, the user entered an incorrect exchange rate at the time of creation, which has led to incorrect currency revaluation and significant FX loss over the years.
NetSuite continues to revalue this JE every month, and we are seeing the FX amounts impact our financials. We want to stop NetSuite from revaluing this specific transaction in the future, but we do not want to reopen the historical accounting periods to correct the exchange rate.
Has anyone dealt with a similar issue? We are looking for possible solutions or workarounds to either:
Prevent NetSuite from revaluing this specific JE in future periods, or
Close out or neutralize the FX impact without touching closed periods.
Any suggestions, best practices, or configuration options would be greatly appreciated.
Thanks in advance!
Thanks.
