Hi everyone, is there a way to prevent currency revaluation at the end of a period? We're trying to close a EUR subsidiary and when we closed May period, an A/P balance appear, related to some journal entries from 2022/2023 that were setup to recognize gain/loss, we want to avoid these when closing june, anyone has had an experience like this? any ideas are appreciated

when closing the period skip running the revalue open foreign currency task from accounting period checklist for that particular subsidiary.

When I have seen this it was caused by journaling off a balance with the wrong currency. For instance the account had a balance of USD100. The journal was posts in EUR120 which balance the account at that time. But now Netsuite is maintaining two currencies there and adjusting each month. +USD100 and -EUr120. Use the CTA Balance report to start the journey to discovery

I would look to see why they are revaluing, it would suggest there is still a balance to be revalued? (I had one that got missed by finance and once corrected to 0 it stopped).