Cherry Eunice B Licyayo-Oracle NSC Guru

Hi @User_JKLFU, Good day! The INR 100 Journal Entry being translated to USD 8,336 suggests that an exchange rate of approximately 83.36 may have been applied during consolidation: INR 100 × 83.36 = USD 8,336 This is a key point we would like to validate, as 83.36 appears consistent with an INR-per-USD exchange rate. If the…

Thank you for the helpful insight @markbell10, greatly appreciate it! Hi @Glaced99991, Based on our review of the current NetSuite Legacy Tax functionality, the Tax Rounding Precision available for the Germany nexus supports a maximum precision of two decimal places (.01 and Below). There is currently no standard option to…

Hi @Kshitij Nagdeote, Please let us know if you have other questions or need further assistance. If there's none, kindly click "Yes" on "Did this answer the question?" if you find the reply on your thread helpful. This will aid the others with the same question to easily find the correct answer. You will also earn points…

Hi @Chelsea Jacobs, The ability to get the Name from both Invoices and Journal Entries to appear in the same column on the Income Statement is not yet available in the standard NetSuite account. This is currently an enhancement request logged on Enhancement # 135347 Ability to show name on the Journal Entries in the…

Thank you @GauravAgrawal for sharing your insights on this! Hi @Kshitij Nagdeote In addition to CSV and the Chart of Accounts, we recommend reviewing the new subsidiary's specific requirements for areas such as base currency, accounting periods, tax/nexus configuration, bank accounts, locations, departments/classes, roles…

Hi @User_Q1DPO, Apologies for that, it has been rectified. Can you please click "Yes" on “Did this answer the question?” below the comment/s that helped in your concern. Doing so will help other community members who might have the same concern find the answer easier and you will also get closer to earning your next Answer…

Hi @Vernita, We would not recommend creating a manual journal entry solely to replicate the translation difference already being captured through CTA. Doing so could potentially result in the translation impact being represented twice in the consolidated financial statements and may also introduce additional reconciliation…

HI @Vernita, Under NetSuite's standard consolidation process, foreign currency translation differences are reflected through the Cumulative Translation Adjustment (CTA) on the consolidated financial statements. CTA is calculated dynamically during consolidation rather than through a separate journal entry for each…

Hi @User_UTEWA, Just wanted to check in if you were able to see my previous comment? Let me know if you need further assistance. Have a great day!

Hi @User_Q1DPO, By the way, we would greatly appreciate if you can click "Yes" on “Did this answer the question?” below the comment/s that helped in your concern. Doing so will help other community members who might have the same concern find the answer easier and you will also get closer to earning your next Answer…

Hi @User_UTEWA, Good day! Yes. A subsidiary with GBP as its base currency can invoice a customer in EUR. You do not need to change the subsidiary's base currency. You need to ensure that Multiple Currencies is enabled and EUR is available/assigned to the customer. You can refer to SuiteAnswer 9868 | Multiple Currencies in…

Hi @Vernita, Just wanted to check in if you were able to see my previous comment? Let me know if you need further assistance.

Hi @User_Q1DPO, Yes. If you have Full Multi-Book Accounting and the two accounting books use different currencies—for example, a Primary Book in IDR and a Secondary Book in USD—you can use NetSuite's Multi-Book Income Statement to compare them side-by-side. Navigate to: Reports > Financial > Multi-Book Income Statement…

Hi @User_Q1DPO, The ability to run an income statement other than base currency is not yet available in the standard NetSuite account. This is currently an enhancement request logged on Enhancement # 158516 Reports> Financial: Provide the ability to run and print Financial Reports in currencies other than Base Currency. At…

Hi @Vernita, Thank you for providing the additional details and for raising these important questions. CTA-E would generally not be expected to apply to this specific balance because CTA-E is associated with foreign-currency differences arising from qualifying intercompany elimination entries. Since the system-generated…

Hi @Vernita, Good day! The AUD 250 difference appears to result from the foreign currency translation of the intercompany clearing balances during consolidation. In your example, the balances initially correspond as follows: Sub A: AUD 1,000 Debit to Intercompany Clearing Sub B: USD 500 Credit to Intercompany Clearing At…

Hi @Jebin Varghese-Oracle glad to have you with us today, and thanks for posting here in the NetSuite Support Community! Greetings everyone! We have a fellow member who could use our assistance. Please don't hesitate to share your knowledge and insights to help them out. Your input is highly valued and appreciated!

Hi @Ricard, I wanted to gently follow up on our previous post to see if you had a chance to review the information we provided. When convenient, we would appreciate any updates or feedback you may have so we can determine the appropriate next steps. If you have any questions or require further clarification, please don't…

Hi @Ricard, Good day! We would like to highlight that a manual Journal Entry created outside of the Advanced Revenue Management (ARM) process may correct the General Ledger balance but may not update the associated Revenue Arrangement, Revenue Elements, or Revenue Recognition Plans. As a result, this could potentially…

Hi @User_EW3WP Just wanted to check in if you were able to see my previous comment? Please let us know if you have other questions or need further assistance. If there's none, kindly click "Yes" on "Did this answer the question?" if you find the reply on your thread helpful. This will aid the others with the same question…

Hi @User_EW3WP Based on the information provided above, there shouldn't be an issue for the periods allotted for the terms, regardless of when the invoice is processed. Although revenue recognition plans provide the information required to recognize revenue, you must generate the appropriate journal entries to post revenue…

Hi @User_WCXYT Thank you for the update. Kindly click "Yes" on "Did this answer the question?" if you find the reply on your thread helpful. This will aid the others with the same question to easily find the correct answer. You will also earn points and may unlock the Answer Accepter badge.

Hi @User_WCXYT Just wanted to check in if you were able to see my previous comment? Please let us know the case number in case you have one so we can monitor it in our end.

Hi @User_EW3WP Good day! Can you provide more details about the scenario, the step to reproduce, the expected and actual result? Do you want revenue to be recognized in the month of the sale and for 5 more months after, or would you prefer revenue to begin being recognized the month after the sale, for a total of 6 months?

Hi @User_WCXYT Good day! Can you provide more details about the scenario, including the step to reproduce, the expected and actual result? We recommend filing a case with NetSuite Customer Support since they have access to your account's Internal QA Environment, which is a replica of your account for testing purposes.

Thank you Angela for the insight, this is greatly appreciated! Hi @AlexM, Good day! Can you please provide us with more details on your expected result here?

Hi @jenluna, Just wanted to check in if you were able to see my previous comment? Please let us know if you have other questions or need further assistance. If there's none, kindly click "Yes" on "Did this answer the question?" if you find the reply on your thread helpful. This will aid the others with the same question to…

Hi @jenluna, Good day! Can you provide more details about the scenario, including the record type, steps to reproduce issue, the expected and actual result? For the mean time, can you please try the general solution for the error for financial reports: Solution Run the affected report Drill down or click a specific…

Hi @ACVP Please let us know if you have other questions or need further assistance. If there's none, kindly click "Yes" on "Did this answer the question?" if you find the reply on your thread helpful. This will aid the others with the same question to easily find the correct answer. You will also earn points and may unlock…

Hi @ACVP Good day! The nexus determination logic in SuiteTax is different from Legacy Tax. The SuiteTax Nexus determination considers not just the ship to address but also location, entity registration, among others. For the lookup rules, see SuiteAnswer article 64714 | Nexus Determination Lookup Logic in SuiteTax Hope…