Need NetSuite Managed services and support? Send us a message!<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"NetSuite MSD Tip #3 \u2014How to Enable Exchange Rate Editing on Transactions in NetSuite Having trouble editing the\u00a0Exchange Rate\u00a0field on transactions? The fix isn\u2019t obvious; there\u2019s no specific \u201cExchange Rate\u201d permission in NetSuite. Instead, it\u2019s controlled through the\u00a0Currency\u00a0permission. How to Fix It: 1. Navigate to\u00a0Setup > Users\/Roles > Manage Roles. 2. Select and edit the relevant role. 3. Under\u00a0Permissions > Lists, set\u00a0Currency\u00a0to\u00a0Edit. 4. Save the role. Considerations: 1. Changing the exchange rate affects both:\u00a0Unrealised gains\/losses\u00a0(via\u00a0Revalue Open Currency Balances) and\u00a0Realised gains\/losses\u00a0(when payments are applied) 2. Rates can only be edited in open periods unless the role has Override Period Restrictions. 3. If Currency Exchange Rate Integration is disabled, users can override the rate manually. 4. NetSuite doesn\u2019t log system notes for the exchange rate at creation. Recommendation: To maintain control, consider building a\u00a0workflow or script\u00a0to track changes, or use\u00a0SuiteQL\u00a0to compare entered rates against system defaults. Need NetSuite Managed services and support? Send us a message!<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"q:1_question":"Who should be allowed to edit exchange rates?","q:1_answer":"Only users handling multicurrency transactions like finance or accounting teams should have this access. Grant the Currency permission with Edit level.","q:2_question":"Can exchange rates be edited after a period is closed?","q:2_answer":"No, unless the user has the Override Period Restrictions permission. Edits are only allowed during open periods by default","q:3_question":"Does NetSuite track who edited an exchange rate?","q:3_answer":"Not by default. NetSuite doesn\u2019t create system notes for exchange rate edits. Use scripts or workflows to track changes if needed","q:4_question":"","q:4_answer":"","q:5_question":"","q:5_answer":"","q:6_question":"","q:6_answer":"","q:7_question":"","q:7_answer":"","q:8_question":"","q:8_answer":"","q:9_question":"","q:9_answer":"","q:10_question":"","q:10_answer":"","source_url":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-854","post","type-post","status-publish","format-standard","hentry","category-nspb"],"acf":[],"_links":{"self":[{"href":"https:\/\/versimarket.com\/blog\/wp-json\/wp\/v2\/posts\/854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/versimarket.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/versimarket.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/versimarket.com\/blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/versimarket.com\/blog\/wp-json\/wp\/v2\/comments?post=854"}],"version-history":[{"count":1,"href":"https:\/\/versimarket.com\/blog\/wp-json\/wp\/v2\/posts\/854\/revisions"}],"predecessor-version":[{"id":856,"href":"https:\/\/versimarket.com\/blog\/wp-json\/wp\/v2\/posts\/854\/revisions\/856"}],"wp:attachment":[{"href":"https:\/\/versimarket.com\/blog\/wp-json\/wp\/v2\/media?parent=854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/versimarket.com\/blog\/wp-json\/wp\/v2\/categories?post=854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/versimarket.com\/blog\/wp-json\/wp\/v2\/tags?post=854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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