Balance difference in bank accounts in NetSuite and actual bank balance due to currency exchange rate fluctuation

Client came with  the requirement to balance the amount in particular bank a/c in a subsidiary which showed different amount than the actual bank balance in balance sheet  due to the exchange rate variation.

Solution:

Go to Transaction> Financial > Revalue Open Currency Balance(admin role)

Select the period and the subsidiary in which the account shows amount  imbalance. Then run the currency revaluation by clicking save.

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