If you select a preferred vendor for this item, th...
# ask-stanley-ai
j
If you select a preferred vendor for this item, the price is shown in the vendor record currency. If no preferred vendor is selected, the price is shown in your base currency. From the statement, is the base currency the currency of the item subsidiary or is it the currency of the primary subsidiary?
c
AI generated answer (using internal Slack threads):
The base currency in NetSuite is the currency of the primary subsidiary. When you select a preferred vendor for an item, the price is shown in the vendor record currency. If no preferred vendor is selected, the price is shown in your base currency, which is the currency of the primary subsidiary. This is because in a multi-subsidiary environment, each subsidiary can have its own base currency. The base currency is set when the subsidiary is created and cannot be changed once transactions have been entered for the subsidiary. When you run consolidated reports, the amounts are converted to the base currency of the top-level subsidiary (also known as the root parent or primary subsidiary). This allows for a unified view of financial data across all subsidiaries, regardless of their individual base currencies. ****** 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: 0.848938
Slack thread 2: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.847534239
Slack thread 3: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.841247618
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