Cherry Eunice B Licyayo-Oracle NSC Guru

Hi @Sue_P, 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…

Hi @User_JKLFU, 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…

Hi @Jessica Mercado, 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! -- In case…

Hi @Sue_P, Good day! NetSuite does not currently provide separate standard reports specifically named Multi-Book Trial Balance or Multi-Book General Ledger. However, with Multi-Book Accounting enabled: The standard Trial Balance supports the Accounting Book filter, allowing you to run the report for a specific accounting…

Hi @User_JKLFU, We are glad to know that the manual adjustment is providing a temporary workaround. However, since the Consolidated Exchange Rate in the affected environment was originally generated differently from the working Sandbox environment, we would still like to ensure that the underlying cause is properly…

Hi @ABDUL HANNAN, 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…

Hi @Kimberly Mae Balaan-Oracle , 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…

Hi @Maria Robinson, Since we have already confirmed that the Administrator and Full User roles can see both sides of the transaction, while the Employee Center role does not display the credit amount for the Allocation Source line, please focus your investigation on the differences specific to the Employee Center role. In…

Hi @ABDUL HANNAN, Good day! The behavior you described is consistent with NetSuite's standard year-end closing process. By default, NetSuite does not create a physical Journal Entry to close Income Statement balances to Retained Earnings. Instead, Retained Earnings is calculated dynamically for financial reporting…

Hi @KNason76, The concern here appears to be account specific and is difficult to reproduce in our test accounts. Troubleshooting may require looking into your account directly. With that said, we recommend filing a case with NetSuite Customer Support since they have access to your account's Internal QA Environment, which…

Thank you @Divya Unnikrishnan for sharing your insights on this! This is greatly appreciated 😊. Hi @Kimberly Mae Balaan-Oracle , thank you for posting in our community. 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…

Hi @Maria Robinson, Thank you for completing the testing and sharing the results. Our next step is to focus on the access restrictions associated with the Employee Center role. Could you please compare the Allocation Source (credit) line with the line that is visible to the Employee Center user and check whether they use…

Hi @User_JKLFU, Thank you for the additional information. The incorrect consolidated Income Statement amount is caused by the affected environment's November 2023 Consolidated Exchange Rate of 83.36. The working environment uses approximately 0.012, which is the reciprocal rate and produces the expected INR-to-USD…

Hi @Maria Robinson, Good day! To help us determine whether the issue is related to the report configuration or the Employee Center role, could you please perform the following tests? 1. Check the Journal Entry as Administrator Open the affected Allocation Journal Entry using the Administrator role. Expected: Both the…

Hi @User_JKLFU, Thank you for providing the additional testing results. Based on your testing, we were able to confirm that when the child subsidiary has INR as its base currency and the parent subsidiary has USD as its consolidation currency, the system correctly translates an INR 100 Journal Entry to a lower USD amount…

Hi @Glaced99991, 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…

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…