Prolecto Labs

Prolecto Labs' mission is to drive continuous innovation to solve NetSuite.

Our mission is to drive continuous innovation to solve NetSuite.

Prolecto Accelerator Templates are pre-built to solve tough NetSuite problems. Our consultants tailor them to fit your business - bridging gaps, streaming workflows, and enhancing system capabilities.

Prolecto Account Clearing Transaction

The Account Clearing model is designed to take transactions in one currency and bridge to another currency with related features to connect to underlying transactions such as vendor bills or invoices.


 
 

Request Accelerator Template ⟶

https://840889.app.netsuite.com/core/media/media.nl?id=7306572&c=840889&h=z_PiI721G-ZDfGn99cioJjx50kiAY8Hp9sFaUdMGBX7TlTAL&_xt=.svg-Prolecto Account Clearing Transaction


What It Does

The Prolecto Account Clearing Transaction model is designed to handle transactions in one currency and bridge them to another currency. It includes features to link these transactions to underlying records such as vendor bills or invoices.

Why It Matters

When transactions are in one currency but need to be transacted in another currency, the ability to have a controlled structure supports greater processing and reporting.

Related Articles

• Solve NetSuite Foreign Currency Cash Operations with the Prolecto Account Clearing Transaction Bundle

• How To Cross NetSuite Foreign Currency Boundaries with the Account Clearing Model

• Best Practice: Account Clearing Method for NetSuite Electronic Payment Method Reconciliation

• Best Practice: How to Pay a NetSuite Vendor Bill with Foreign Currency

• How To: Multiple Foreign Currency Cash Receipt Settlement

• NetSuite Best Practice: Receive Local Currency for Foreign Currency Invoices

• Learn How To Accept Different Foreign Currency in NetSuite Cash Receipt Operations

• How To: Transfer Foreign Currency Between NetSuite Subsidiaries

Implementation Details

Led by practice: Accounting

Other Data

Build ID 135

Accelerator Versions

Version: 20190219.RC

Better support for referenced transactions and provides the ability to control whether the referenced transaction is updated with the exchange rate on the account clearing transaction.

Version: 20190114.RC

Minor refinements. 

Version: 20190107.RC

First version for client deliverable.

All Accelerator Templates are available exclusively to the Prolecto client community.