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.
New AI Community Guidelines. Please review and follow them to ensure AI use stays safe, accurate, and compliant.
Please note that on Saturday, April 11, 2026, at 8:00 PM Pacific time, our Case Management System will undergo a scheduled maintenance for approximately 30 minutes. During this time, case creation via SuiteAnswers will be unavailable and inbound calls will be routed to Customer Service.
Problem zeroing a closed foreign currency account.
We had a Euro bank account which we have now closed. The bank register shows a zero balance. However the Balance sheet shows a Debit balance of £43.44 in GBP.
This balance on the account has to be caused by currency variations. So if we credit the account with €4000 on one day and transfer €4000 a week later even though the account shows zero the two amounts have been converted to GBP on the spot rate showing a difference.
My accountant wants me to journal off the £43.44 to make the balance sheet show £0.00 but the only way to do that is to do a journal in Euro's and that will put a balance on the bank register.
0