I have a single subsidiary which has GBP as base c...
# ask-stanley-ai
a
I have a single subsidiary which has GBP as base currency. Is it possible to budget via custom segment and also budget for different currencies?
c
AI generated answer (using internal Slack threads):
In NetSuite, you can budget by custom segments, but the budgeting process is typically done in the base currency of the subsidiary. However, you can create reports and financial statements in different currencies using the consolidated exchange rates feature, or by using SuiteAnalytics Workbooks for more complex currency conversions. For your specific case, where you have a single subsidiary with GBP as the base currency, you can create a budget in GBP and then create reports in other currencies as needed. However, the budget itself will be in the base currency of the subsidiary, which in this case is GBP. Please note that changing the base currency of a subsidiary in NetSuite is not typically recommended, especially if there are already many transactions for that subsidiary. Changing the base currency does not impact the operational side of transactions, but it does convert all transactions to the new base currency for General Ledger impact purposes. ****** 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: 0.862849891
Slack thread 2: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.85212481
Slack thread 3: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.843255579
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