how to fix intercompany accounts payable and intercompany accounts receivable not tying due to different currencies

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****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ****** To fix the issue of intercompany accounts payable and intercompany accounts receivable not tying due to different currencies, you can follow these steps: 1. Ensure Proper Setup: Make sure your intercompany setup is correct. This includes setting up the correct intercompany relationships and accounts. 2. Use Purchase Orders: Start with a Purchase Order (PO) and then generate all transactions from that PO. This ensures that all transactions are linked and can be tracked back to the original PO. 3. Use a Cash Clearing Account: To net settle, use a cash clearing account. By tagging the right customer and vendor, NetSuite puts all the right tags on them so they eliminate with the bills and invoices. 4. Handle Foreign Exchange Differences: If the currencies are different, you can record the forex gains/losses manually via a Journal Entry (JE) against the remaining balance of the cash clearing account. Alternatively, you can manually force the rate on the "foreign currency" cash transaction. 5. Check Consolidated Exchange Rates: If you have subsidiaries with different reporting currencies, make sure to check the consolidated exchange rates. If these rates are incorrect, it can cause discrepancies in your reports. 6. Correct One-Sided Transactions: If there are one-sided transactions via Journals, these can cause the payable and receivable accounts to not match up. You may need to hunt down these transactions and correct them. This might involve reopening closed periods. Remember, it's important to ensure that all transactions are properly balanced and that any foreign exchange differences are properly accounted for. If these steps are followed correctly, it should help in resolving the discrepancies between intercompany accounts payable and receivable due to different currencies.