Close od the Rounding Differences on the Liabilities Side of an Account

Close of the Rounding Differences on Liabilities Side of an Account

Presented is an example for close of round differences on the document of itself.

1. Entry of a Document

We enter a document and correct the value Amount Due (amount for payment) for rounding. 

We can see that there is a difference between Purchase Price and Amount Due 0,03. This rounding should be posted on the document itself.

2. Posting of the document

We start posting on the document with Post button . Automatic posting of an invoices received is opened. There are two tabs. First is Rounding and second Department. When the account for rounding difference has setting obligatory entry of department and / or cost center, we enter this information in that tab and bookings will be created with Department and cost center set in the tab.

 After defining Department and Cost Center we click    and post the document.

3. Journal entry we made with the posted received invoice