To use the program's automatic invoice rounding function, you
must set up the G/L account or accounts where rounding differences
will be posted. Before you can do this you must set up VAT product posting groups.
To Set Up G/L Accounts for Rounding Differences:
Set up the account in the Chart of
Accounts window and name it Invoice Rounding or something similar. The
program will use the account name as text for invoices that are
rounded.
In the Gen. Posting Type field, select the
<Blank> option.
Leave the VAT Bus. Posting Group field
blank.
Click the AssistButton in the VAT Prod.
Posting Group field. Select one of the codes in the
VAT
Product Posting Groups window, and then click
OK to copy it to the field.
Alternatively you can set up a new group code to be used for
invoice rounding.
in the VAT Prod.
Posting Group field. Select one of the codes in the
VAT
Product Posting Groups window, and then click
OK to copy it to the field.
Alternatively you can set up a new group code to be used for
invoice rounding.