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NSC | Exchange Rate Cannot Be Changed on an Existing Expense Report (Scenario 1)

in Accounting / ERP

In NetSuite, the exchange rate applied to an Expense Report is determined by the transaction date and the corresponding currency exchange rate available in the Currency Exchange Rates list. Once an Expense Report is created and saved, the exchange rate becomes fixed and cannot be modified. Any attempt to update the transaction in a way that causes the system to detect a different effective exchange rate may result in the error:

“Exchange rate cannot be changed on an existing Expense Report.”

This article explains the scenarios in which this behavior occurs, the reason behind the restriction, and the recommended workaround.

Jeanne Padilla | General Accounting and Asset Management

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