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Currency Round Off

This setting allows you to control the way calculations are rounded off in each Currency. The setting is used by Quotations, Sales and Purchase Orders, and Sales and Purchase Invoices. Any amounts lost or gained from the rounding off process are posted to the Round Off Account specified in the Account Usage S/L setting. This Account is used in Transactions generated both from the Sales Ledger and from the Purchase Ledger. If a Currency is not entered in this setting, its rounding rules will be taken from the Round Off setting in the System module.

To enter rounding rules for each Currency, simply click in the first blank line and enter details as appropriate. Click [Save] to save and close, or the close box to close without saving changes.

Currency
Paste Special    Currency register, System module
The Currency for which you wish to enter rounding rules. This can be your home Currency if this is to have different rounding rules to those set in the Round Off setting.

Total
Specify here the rounding rules to be used for Total figures in Invoices, Orders, Purchase Orders and Quotations in the Currency. Leave this field empty to use the rounding rule set in the Round Off setting in the System module. Enter a value as follows:
2
Shows two decimal places in the Total field of any transaction.

10
Rounds up or down to the nearest 0.05.

1
Rounds to one decimal place in the Total.

0
Rounds up or down to the nearest whole unit of the Currency.

-2
Rounds to nearest 100 units

-3
Rounds to the nearest 1000 units... and so on.
When Invoices are approved, any amount lost or gained through the rounding process is posted to the Round Off Account specified on card 1 of the Account Usage S/L setting.

Line
Specify here the rounding rule to be used for the Sum field in each Invoice, Order, Purchase Order and Quotation row. Enter a value as described for Total above. If this field is left empty, Sums will be rounded to two decimal places.

VAT
Specify here the rounding rule to be used for the VAT total in Invoices, Orders and Quotations. VAT in Purchase Invoices and Purchase Orders will also be affected. Enter a value as described for Total above. If this field is left empty, VAT totals will be rounded as specified in the Round Off setting in the System module.

Note that the transaction row sum is rounded as determined in this setting or to two decimal places (whichever is appropriate) before the VAT calculation is carried out.