ANS-0937 · ONEWORLD & MULTI-SUBSIDIARY
How to Handle Multiple Currencies on NetSuite Purchase Requisitions?
Understand the inherent currency limitations within NetSuite's purchase requisition module and explore alternative transaction workflows.
Short answer
NetSuite's purchase requisition functionality has a limitation regarding multi-currency selection, assuming the employee does not know the transaction currency. Once saved or converted to a purchase order, the currency is maintained and cannot be changed. For diverse currency needs, organizations often opt for direct purchase requests.
Scenario
Organizations often encounter challenges when employees need to create purchase requisitions in currencies different from their default. The NetSuite system's native purchase requisition functionality presents a limitation in easily selecting or modifying the transaction currency at the time of creation, leading to potential inefficiencies in multi-currency procurement processes.
Solution
The NetSuite purchase requisition functionality currently has a limitation regarding multi-currency entry. The system assumes that the employee creating the requisition does not know the specific currency of the transaction.It is important to note that once a purchase requisition is saved or converted into a purchase order, the currency from the original transaction is maintained and cannot be changed.Due to this inherent limitation, many organizations choose to bypass the purchase requisition module for multi-currency transactions. Instead, they opt to use direct purchase requests, which offer greater flexibility in currency selection and management.
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