For non-AR, non-AP and non-bank accounts, is my ob...
# general
l
For non-AR, non-AP and non-bank accounts, is my observation correct that NS revalues the debit balance and credit balance separately (creates separate Currency Revaluations) for the same GL account in the same period and same subsidiary? Both currency revaluations were created at the same item. I was always under the assumption that it is the net month-end balance that gets revalued for other current assets and liabilities.
a
For current asset or liability accounts NetSuite revalues ALL foreign currency transactions posted into these accounts from day 1
l
Yeah, that's what I thought too. The net balance as of the end of the period. But ours is total debit and total credit balances as of the end of the period separately
j
Are you seeing the prior month reversal? I only have a single entry on the last day of the month, reversing on the 1st of the following month
a
There should be a reversal for sure provided there is a revaluation in the prior month
l
Found it on SuiteAnwers. NS creates separate Currency Revaluations for lines marked as to be eliminated vs. not