This is possible by enabling a feature named Foreign Currency Variance Mapping. The Foreign Currency Variance Mapping feature enables you to create foreign currency variance posting rules that determine the accounts into which foreign currency variances are posted. If your NetSuite implementation has no variance posting rules, NetSuite posts the gains and losses from fluctuations… Continue reading Gain/loss account change
Tag: foreign currency variance mapping
Defining Foreign Currency Variance Posting Rules
You can define foreign currency variance posting rules on the Foreign Currency Variance Posting Rule page. Each rule specifies the account into which gain or loss resulting from foreign currency variances is posted. This account is the Destination Account. The rules consist of a set of source or revaluation transaction criteria that determine… Continue reading Defining Foreign Currency Variance Posting Rules
Realized gain or loss posting to separate accounts.
The client required us to check if it is possible to post Realized gain or loss to separate accounts. Now it is posted to default system generated account. They want to create new accounts and post gain to one account and loss to another account. Unrealized gain or loss is calculated for open transactions of… Continue reading Realized gain or loss posting to separate accounts.
Foreign currency variance mapping
This article summarizes about foreign currency variance mapping feature and how to enable it.