Just completed a currency revaluation and an account with a balance of about 470k has a reval amount of almost 450k which has to be inaccurate. Any suggestions on narrowing down what the issue is?
05/05/2022, 6:47 PM
Currency revals are always tough. Unfortuntaely, it could actually be correct since technically the balance of the account has nothing to do with the amount of the currency reval. The 'problem' is that NetSuite always reverses out revals at the top of the following month and so each month's reval is a build up of the entire account's history from the beginning of time. This throws people off all the time (understandably). What was the reval amount for that account for March? Was it also large?
05/05/2022, 7:07 PM
It was only about -49k for March so definitely not as large
Although I guess if currencies are fluctuating quite a bit that could be the cause. Still seems high though