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• Agenda Builder launch
• SuiteWorld On Air registration
• New NetSuite Prompt Studio Contest
• And more!
Check out this thread to learn more!
Revenue Recognition in different currencies
Hi guys!
We have the Advanced Revenue Management (Essentials) in our environment.
There is subsidiary with Base Currency of EUR that issues invoices in USD currency, in which these invoices have Revenue Arrangements linked to them. When an invoice in USD with revenue arrangement is saved, the GL Impact will be automatically translated in EUR and also the revenue arrangement, the revenue element, revenue plans and the Journals created from Revenue Recognition Schedule are generated in EUR Currency.
Although, the amounts that are recognized in the Journal created from Revenue Recognition Schedule should have been in USD and the exchange rate of the day the Journal is posted to be used to be retranslated in EUR currency.
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