Discussions
Stay up-to-date with the latest news from NetSuite. You’ll be in the know about how to connect with peers and take your business to new heights at our virtual, in-person, on demand events, and much more.
Now is the time to ask your NetSuite-savvy friends and colleagues to join the NetSuite Support Community! Refer now! Click here to watch and learn more!
Update your Profile with your Support type to get your Support Type badge.
Uncover the power of data with the Analytics Hub —your ultimate guide to mastering NetSuite Saved Searches and Reports. Simplify the complex and unlock your organization's true potential. Dive into the Analytics Hub now and soar to new heights!
To help you get the most out of your 2025.2 Release Preview account, review the topics outlined in the 2025.2 Release Preview Guide.
Nominate Your Peers for NetSuite Support Community's Choice of the Quarter! Submit your nomination today.
Intelligent Payment Automation version 1.0.3 is now available in the SuiteApp Marketplace. The SuiteApp, powered by BILL, lets you automate payments, manage vendor details, and bank account information within NetSuite. Learn more
Do FX Rate Providers Have Same Rates?
Hi Gurus!
Some questions around fx rates plates.
Scenario: Base currency of a sub is USD. A foreign currency bill is received on day 1 and recorded. NS uses its table's rate to convert it to base currency and records a USD amount in the GL.
On day 2 the bill is paid. NS uses day 2's rate to record the transaction. Any difference goes to the realized gain/loss account.
Sub has the bank send a wire to the vendor on day 2 in foreign currency (FC). Bank uses its own day s rate and converts the FC payment to USD and deducts it from sub's bank.
0