Kolleno allows you to use exchange rates directly from NetSuite to convert the amounts and balances of your financial records into your Kolleno Company Currency. By default, Kolleno applies its internal exchange rates unless a specific rate is retrieved from NetSuite.
How It Works
When enabled, Kolleno will use the exchange rate in the "Exchange Rate" field set by your NetSuite. If no rate is provided by NetSuite, Kolleno will revert to its internal exchange rate.
This exchange rate affects the conversion of amounts and balances for the following records:
Invoices
Credit Notes
Payments
Journal Entries
Activating NetSuite Exchange Rates
This feature is available on demand and can be enabled for your account upon request.
To activate it, send an email to support@kolleno.com with the subject:
“Request to Enable NetSuite Exchange Rate Usage”
Include the following details:
Your Kolleno URL
Confirmation that NetSuite exchange rates should be used for all applicable records
The activation code required for the feature:
netsuite_use_exchange_rate_from_record
If activation is needed on multiple Kolleno instances, provide the Kolleno URL for each instance and specify where the feature should be enabled.
More Information
For further details on how exchange rates are used in Kolleno, please refer to our help article: What Exchange Rates Are Used?