NetSuite Currency Setup | Base Currency, Multi-Currency & Customer Assignment скачать в хорошем качестве

NetSuite Currency Setup | Base Currency, Multi-Currency & Customer Assignment

Welcome to our NetSuite Functional Series! In this video, we’ll dive into Currency Management in NetSuite — an essential feature for businesses operating globally. Learn how to create currency records, set base currency for subsidiaries, and assign currencies to customers to manage multi-currency transactions effectively. Whether you’re a NetSuite Administrator, Finance Professional, or Functional Consultant, this guide will help you confidently handle multi-currency operations and maintain accurate financial reporting. What You’ll Learn in This Video: 1️⃣ Understanding Currency in NetSuite What is a currency and why it’s important Key Features: Base Currency for financial consolidation Foreign Currencies for international transactions Currency Exchange Rates and decimal precision Multi-Currency support for customers and vendors 2️⃣ Creating a New Currency Record Navigate: Setup - Accounting - Currencies Steps to create a currency record: Enter Currency Name, Symbol, ISO Code Define Exchange Rate Precision & Number Format Activate or deactivate the currency 3️⃣ Base Currency in NetSuite What is Base Currency and why it’s critical for subsidiaries How to assign a Base Currency: Navigate: Setup -Company - Subsidiaries Select subsidiary - assign Base Currency - save changes Important note: Once set, the base currency cannot be changed 4️⃣ Assigning a Currency to a Customer Navigate: Lists - Relationships - Customers Assign currency per customer in the Financial subtab Effects: All transactions (Invoices, Payments, Sales Orders) use the assigned currency Multi-Currency Customers feature allows multiple currencies per customer ⚙️ Key Benefits: Streamline global transactions and multi-currency reporting Maintain accurate financial consolidation at subsidiary and company levels Reduce errors in invoicing and payments across different currencies Support international business operations efficiently Functional Series:    / @suitestreamtutorials   #NetSuite #NetSuiteRoles #NetSuiteAdmin #NetSuiteTraining #ERP #NetSuiteCustomization #NetSuiteTutorial #NetSuiteSecurity #NetSuite #NetSuiteTraining #SuiteStream #ERP #CloudERP #NetSuiteTutorial #NetSuiteLearning #NetSuiteERP #erptraining #oracle #suitelife #Suitescript #netsuite #accounting 🔔 Subscribe for More NetSuite Tutorials!