About Rounding

Rounding is applied where you report on values to a specific accuracy that is less accurate than the actual journal entry values.

Independent Rounding

Independent rounding enables you to determine at which level, and which areas of aggregation, rounding is most accurate.

1. Each account, category and entity can be rounded independently.
   • This means that they do not get affected by the rounding adjustments of other accounts, categories or entities and their rounded total will effectively be a rounding of the exact total of all the journal entries allocated to that item.
2. Items that are not rounded independently may not have a rounded total that reflects a rounding of the exact total of all journal entries allocated to the item.
3. The rounding mechanism rounds each individual journal entry.
   • This means that totalling and analysing the same items will always give you consistent results.

If a balancing value is required to ensure that the total of all rounded journal entries has a balance of zero for each period (and independently rounded entity), this value will be automatically allocated to the account selected in the Rounding Account field in the Journals tab for the current period, or the comparative period tab for each comparative period.