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Period close open foreign currency balances revaluation gets stuck
When running period close open foreign currency revaluation, the process gets stuck at Intercompany AR or intercompany AP accounts. Not sure what is going wrong?
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Intercompany Elimination
Our Intercompany Payable and Receivable accounts showed a balance of 48,108 from January to July 2025. To address this, we opened the January 2025 period and ran both the Currency Revaluation and Intercompany Elimination processes. After these steps, the Intercompany Receivable balance was reduced to zero. However, the…
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The invoice wasn't posted in the revaluation
Hi Guru, Please help.. I'm experiencing this situation. I haven't revalued my January 2026 account, and it turns out that one of my invoices has a settlement date, so the currency revaluation automatically occurs according to the February 2026 settlement date (customer payment). When I revalued my January account, the…
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Clear AP Aging Report
Hi All, Do you know how we can clear this AP Aging report? So if you look at the Open Balance of each journal it shows 0.01, however it's already been reversed by Currency Revaluation so the total is 0. but it is still showing in the aging report. How do I clear this?
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Currency Revaluation - 0 balance in foreign currency but has a balance in base currency
In July, we recorded a journal entry of 16,800 usd (foreign currency) In august we have 2 journals to close the first one: 1400 usd and 15400 usd We did currency Revaluation in August, September (both yen (base currency) and usd balance are 0 - correct. We did currency revaluation again but this time, base currency has 1…
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How to Stop Currency Revaluation on Old Advanced Intercompany JE Without Reopening Closed Periods
Hi, We have an Advanced Intercompany Journal Entry (JE) recorded a few years ago between two subsidiaries with different currencies. Unfortunately, the user entered an incorrect exchange rate at the time of creation, which has led to incorrect currency revaluation and significant FX loss over the years. NetSuite continues…
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NSC | Is It Possible to Stop Automatic Creation of Currency Revaluation?
Scenario The user is interested in knowing if there is a setting in NetSuite that can prevent the creation of Currency Revaluation transactions. For instance, consider the following scenario: 01/01: Bill with Exchange Rate 23.5 05/02: Bill Payment with Exchange Rate 25 In this case, the system automatically generates a…
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Revaluation in NetSuite in secondary books
Hi, I have an AP which is zero out in the primary books. For some reason , in the secondary books the account does not zero. there is a balance relates to revaluation entry, see below (888.96 ILS at 30/9 , 31/10 ETC ) This revaluation relates to 2 USD entries entered as journals , see below I dont undertsand as the journal…
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Revaluation by segment
The attached is a reval I ran in TEST on the KRW bank account. It looks the journal post the FX but without posting FX per cost centre – which is great in the sense that it keeps the journal simple But we want to know the FX associated with each Asset (Project) which is a custom segment From the s/shot below it wouldn’t…
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Amount (fx currency) showing zero when Amount is not zero, balance sheet
Hello, We have an issue where the currency revaluation is not as expected. We have some transactions in foreign currency and then we used a JE (in USD) to move the impact from one account to another as there was some items set up with the wrong account. In retrospect, we realize we should have used JEs in the currency of…