Hi, I ran Reclassification journals. NetSuite created some journals for transactions in non-based currency of the subsidiary. All source transactions are invoices, so we don't have any unbilled transactions. What do they represent?

Reclass is for open AR, so it’s payment and not billing which controls whether you may have unrealized gain/loss.

@Merk - it should have said what kind of journal it posted. What you are seeing is not payment, but FX variance between date of transaction and last day of the month

@Karina @Aries thanks for the inputs and my apologies for not getting back to you sooner. It's Xmas after all🙂 NetSuite created journals for unbilled transactions. The source transaction in our NetSuite account is Invoice, so in practice all the source transactions have already been billed. That is something I don't understand why NetSuite created journal entries for unbilled transactions. @Karina I will do some spot checks to to see if those journal entries are for open invoices. However is still doesn't make sense why NetSuite calls them journal entries for unbilled transactions. Thanks for your support ☺️