Currency exchange rate saved search

This article summarizes the creation of the currency exchange rates saved search without showing duplicate rates in the result. We can create a currency exchange rate saved search from the currency exchange rate page. When creating a saved search for currency exchange rates, it will show multiple lines for the exchange rates of the same… Continue reading Currency exchange rate saved search

Exchange Rate Fluctuations on Advanced payment applied Vendor Bills

The difference in exchange rate may cause difference in amount in vendor prepayment and vendor bill. Suppose if the vendor has multiple currencies and the price of the Item is $2500. On creating the PO, the exchange rate was 3.75. But when applying a vendor prepayment having exchange rate 3.73, the amount difference is around… Continue reading Exchange Rate Fluctuations on Advanced payment applied Vendor Bills

How to set automatic update of currency exchange rate

The currency exchange rates can be automatically updated on nightly basis. Enable the following features Multiple Currencies Currency Exchange Rate Integration Then Go to Setup -> Accounting -> Accounting Preferences -> General -> Exchange Rate Integration Select the Rate Provider Choose Triangulation Calculation if want ( Cross currency triangulation works by first converting the monetary… Continue reading How to set automatic update of currency exchange rate

Currency Revaluation Deletion – Workaround

Currency Revaluations are standard NetSuite record which is automatically created when the Transaction record and the Payment transaction record exchange rates are different. These currency revaluations are attached to the Transaction record and cannot be deleted. In order to remove these transactions, we can edit the Payment record and make the exchange rate the same… Continue reading Currency Revaluation Deletion – Workaround