We would like to have currency revaluations go to ...
# accountingk
Kristy Kapsner
10/10/2023, 2:47 PMWe would like to have currency revaluations go to the cost of goods account - vs the 800000 - Other Expense accounts. NetSuite talks about creating a foreign currency variance posting rule - but it still only allows the Other Expense type accounts. We can do a JE each month, but looking for something more dynamic. Any ideas? @Nicole Drenthe
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Marc
10/10/2023, 6:53 PMAllocation schedule
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Kristy Kapsner
10/10/2023, 6:54 PMTell me more!
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Marc
10/10/2023, 6:55 PMIf your Other Expense type accounts is impacted you can create allocation schedule to reverse the Other Expense type accounts in the other account
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Kristy Kapsner
10/10/2023, 6:57 PMOkay - cool, I haven't used that feature before. Thanks I'll take a look.