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Issue with Consolidated Exchange Rates After Subsidiary Hierarchy Change

edited 10:28AM in Ask A Guru 2 comments

Hi everyone,


A subsidiary hierarchy update was performed in a NetSuite Sandbox account. Before making the change, all accounting periods up to a specific date were closed using the Quick Close feature. Based on NetSuite’s expected behavior, consolidated exchange rates for closed periods should remain unchanged after a hierarchy update.
After the hierarchy change, the consolidated exchange rates for all previously closed periods were unexpectedly reset to 1, which impacted the accuracy of financial consolidation.
Has anyone encountered this behavior before? Is this a known system limitation, a bug, or is there any additional configuration required to ensure consolidated exchange rates remain preserved after a subsidiary hierarchy change?

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