Hello. I'd like to know if there is any standard way to implement 4 decimal places for currency in transactions in NetSuite. NetSuite doesn't allow other than 0~2 decimal places for USD but we may need 4 decimal places. Could someone tell me how to do that generally please? Like how to manage the total difference due to that decimal places please? Any help would be appreciated

Not possible but you can create a customization to have fields in which you enter the amounts with 4 decimal places and one script will populate the mandatory field like amount , gross amount etc with 2 decimal places. The goal is to have the custom amounts with 4 decimal places on financial reports

i believe you have to setup a ticket to ask for that to change your decimal precision to 4 places.

NetSuite documentation says it does not support 4 decimal. just 0 ~ 2 and it can be changed only after create a ticket

what’s the use case - is a country requirement or is it something that you guys prefer - try a ticket regardless as an exception, copy your account manager in it.

and if you had to work around it with a customization, then you’d need to back calculate into it - so you’d have to use quanity divided by amount and then store with 4 decimals iin a field.

yes I think so

what’s the use case? why do you need 4 decimals?

I don't know. just the client complains about issue due to rounding

ahhhhh…..ugh…….I know for fuel companies, the price goes to 3 decimals from what i remember, so try the netsuite ticket and explain that the rounding is needed for 4 for business purposes.

I see