How to: Allow for Rounding Differences When You Apply Entries in Different Currencies

When you apply entries in different currencies to one another, there may be a small rounding difference. In this case, you can still completely close the entries and post these small rounding differences. To do so, you must specify the interval that you will accept as a rounding difference for the relevant currencies.

To allow for rounding differences when applying entries in different currencies

1. In the Search box, enter Currencies, and then choose the related link.

2. Open the currency card you want to allow rounding for.

3. On the Rounding FastTab, in the Appln. Rounding Precision field, specify the interval that you will accept as a rounding difference.

4. When you apply entries in different currencies to one another and the payment entry is in LCY, you can also specify an interval that you will accept as a rounding difference for LCY. You do this in the Appln. Rounding Precision field in the General Ledger Setup window.

See Also

Tasks

How to: Allow for Application of Vendor Ledger Entries in Different Currencies
How to: Allow for Application of Customer Ledger Entries in Different Currencies
How to: Set Up General Ledger Accounts for Invoice Rounding Differences