Revaluing open currency balances in NetSuite is a key process for companies dealing with multiple currencies, ensuring that foreign currency balances are accurately reflected based on current exchange rates. This process adjusts the value of open Accounts Receivable, Accounts Payable, and other foreign currency accounts to reflect fluctuations in exchange rates at the end of… Continue reading Revaluing Open Currency Balances in NetSuite
Author: Anjana Sajeevan
Handling Journal Entries in NetSuite
Journal entries in NetSuite are essential for recording manual financial transactions that aren’t automatically captured through standard processes like sales or purchases. To create a journal entry, navigate to Transactions > Financial > Make Journal Entries. You’ll need to enter the posting date, memo (description), and at least one debit and one credit line to… Continue reading Handling Journal Entries in NetSuite