Prioritizing Foreign Currency Variance Posting Rules in NetSuite

🚨 Problem: Struggling to prioritize foreign currency variance posting rules in NetSuite? 🚨

This tutorial will walk you through how to manage and prioritize these rules effectively to ensure your financial processes run smoothly! 🌍📊

Step-by-Step Guide 📋

1. Access the Foreign Currency Variance Posting Rules

• Go to Setup > Accounting > Foreign Currency Variance Posting Rules. 🔧

2. Create a New Rule

• Before prioritizing, you’ll need at least two rules. Create a new one by selecting the appropriate options. For more on how to create rules, see this previous tutorial! 🎥

3. Prioritize the Rules

• Navigate to Prioritize Rules. Here, your rules will be listed with lower numbers indicating higher priority. For example, Rule 1 will take precedence over Rule 2. ⬆️⬇️
• You can adjust the order by moving the rules up or down, or even dragging and dropping them. 🖱️

4. Set Subsidiary and Exception Rules

• Make sure Specific Rules (e.g., a subsidiary-specific rule) have a higher priority than General Rules. Exception Rules must always have a higher priority than the General Rules. 📜

5. Save Your Changes

• Once you’re satisfied with the prioritization, Save your settings! 💾🎉

Congratulations! 🎉 You’ve successfully prioritized your foreign currency variance posting rules in NetSuite! 🎉

If you found this tutorial helpful, please subscribe to this channel for more tips and tutorials. Visit www.KOLLENO.com for more tools to enhance your accounting processes! 🎥✨