Overview
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 activated for your account upon request. To enable it:
Contact our support team.
Our team will activate the feature for your account (code: netsuite_use_exchange_rate_from_record).
Once activated, all applicable records will use NetSuite’s exchange rates for currency conversion instead of Kolleno’s internal rates.
More Information
For further details on how exchange rates are used in Kolleno, please refer to our help article: What Exchange Rates Are Used?