Is it possible to use the exchange rate from the p...
# ask-stanley-ai
m
Is it possible to use the exchange rate from the period when creating a revenue recognition journal, rather than the rate from the source transaction?
c
AI generated answer (using internal Slack threads):
Based on the conversations provided, it appears that NetSuite uses the exchange rate from the source transaction when creating a revenue recognition journal. However, it is possible to manually adjust the exchange rate for a specific period by navigating to Lists > Accounting > Consolidated Exchange Rates and replacing the historical rate for the desired period. Please note that this change will affect all transactions within that period, not just a specific journal entry. Also, keep in mind that NetSuite may recalculate the rates as part of the month-end closure process. In the case of a reversal journal, it seems that the exchange rate is also taken from the original transaction and cannot be edited directly on the reversal journal. If a user makes edits to the original journal, it could potentially affect the exchange rate used in the reversal journal. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******
Slack thread 1: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.82868582
Slack thread 2: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.8239066
Slack thread 3: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.816800654
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