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Overview
Entities in Lithuania are required to keep the accounting books in Euro and shall apply the average exchange rate of the European Central Bank.Lithuanian Localization also offers more accurate foreign exchange rates through an integration with European Central Bank that fetches daily euro exchange rates. This feature serves as an alternative to NetSuite’s standard foreign exchange rate feature where some instances are not applicable for Lithuania.
This feature gives users the ability to update exchange rates from ECB manually or via a schedule.
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This feature only supports subsidiaries where country is in Lithuania and base currency is Euro. |
FX Rates Update Manual Run
To run the exchange rates update manually:
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