Netsuite unrealised/realised gains/losses, is it p...
# ask-stanley-ai
a
Netsuite unrealised/realised gains/losses, is it possible to modify the account this posts to?
c
AI generated answer (using internal Slack threads):
Based on the conversations, it appears that the account to which NetSuite posts unrealized/realized gains/losses can indeed be modified. This can be done by enabling or disabling the "Foreign Currency Variance Mapping" feature. When this feature is enabled, it activates a Foreign Currency Variance Posting rule, which can result in all currency revaluation gains & losses (Realized and Unrealized) being posted to the Unrealized account. Disabling this feature stops this rule from being applied, and the realized gains & losses will post to the correct account. However, it's important to note that the non-base currency bank accounts remeasurements get posted to P&L first to FX gain/loss and then during eliminations step gets moved to BS. If you want different, you might want to set up Foreign Currency Variance Posting Rules. But this might not apply to a consolidated subsidiary and might work for one entity only. ****** 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: 0.852355957
Slack thread 2: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.847045898
Slack thread 3: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.846618533
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