Revaluation of journal entries


When we book a journal in a foreign currency on a general ledger account which has the box ticked “revalue open balance for Foreign Currency Transactions” it doesn’t appear in our “revalue open currency balances”. Does anyone know if this is correct and how you can get it reevaluating?

Thank you in advance,



Rookie Asked on November 26, 2019 in Accounting.
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1 Answer(s)



If the transaction is marked to revalue foreign currency transactions then there can only be a few reasons why it is not revaluing.

  1. The journal for some reason is in base currency rather than foreign currency
  2. The account that is posts to is not marked for revaluation, go to lists>accounting>accounts and check the account again.
  3. The exchange rate for posting the journal is the same exchange rate at the time of running the reval.

Other than that it should revalue.




Aman Deep

Rookie Answered on November 26, 2019.

Hi Aman,

Thank you very much for your answer which I unfortunately not noticed earlier.

However when I check your 3 options it looks to me that’s all in order as you can see in my print screens. Is there something I’m somehow missing?

RE: Revaluation of journal entries

on December 18, 2019.

Hi, Looks like your GL Account does not have a currency assigned. Hence NetSuite does not how to revalua against what

on October 21, 2020.
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