Having issued an invoice in the amount of €120.85 to the customer, they transfer to us €120.50 without specifying the appropriate reference. Post the payment and close the invoice in the Close Outstanding Items module.

 

 

The document shows outstanding balance of €0.35. Close the document and post the outstanding amount by closing roudning differences.

Enter criteria required for looking-up documents in the above window.

 

Enter the maximum amount that can be posted as rounding difference in the Amount field. Only documents with balance lower or equivalent to the one entered in the Amount field will be displayed.

 

In our case it means that only documents with outstanding amount to €1 are offered for posting. Mark whether you are closing cash discount or rounding differences.

Then click Collect. Documents matching the selected parameters will be displayed.

 

 

Enter data in journal entry to create a journal entry or append an existing one. Here we append posts to the journal entry to which you already posted the invoice issued.

 

Related topics:

• Close Rounding Differences in the Foreign Currency Used
• Close Cash Discount
• Partial Payment to Cash Discount Due Date
• Rounding Differences and Cash Discounts by Departments and Cost Centers

For a general description of functions see:

• Rounding Differences and Cash Discounts

 

 

 

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