RE: Advanced Intercompany Journal Entries Currency Revaluation

We have many advanced intercompany Journal Entries from 2018, which causes big currency revaluations issues for all the subsidiaries.

All these intercompany JE’s has equal amounts in both from and To subsidies, but these are not Offsetting.

We tried to apply to Bills, but NetSuite won’t apply different header-level currencies to apply for a bill. Example: If we have intercompany with header level US Dollar and line-level with US Dollar and Japanese Yen. When we tried to apply for Bill with the Japanese yen, the System is not processing it.

We want to reduce currency revaluation for the advanced intercompany Journal Entries.



nagm Rookie Asked on November 4, 2020 in Accounting.
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4 Answers

Do you have Eliminate Intercompany as part of your Period Close?

Beginner Answered on November 4, 2020.
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