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Article ID: 3099
Last updated: 13 Aug, 2020
Where Apply advanced rounding rules has been selected, a check will be made on the un-rounded and rounded totals of Cost and separately of Depreciation/Amortisation of each Fixed Assets. Where a difference occurs, the rounding amount will be allocated to an account code within Cost and separately of Depreciation/Amortisation within the same asset. For Example (Illustration only)
You will see from the example above that the rounding difference of £1 occurs where the un-rounded total of Plant and Equipment differs to the rounded total. The rounding difference is then allocated to the first account with a balance that affects the Cost of that asset (other than Cost B/F), in this example that is Additions. The same rule will apply to the Cost of each asset and will also be applied to the Depreciation/Amortisation of each asset. The following table shows the account groups (rounding will NOT be allocated to the accounts in the B/F column)
The account code to which the rounding difference is allocated can NOT be changed. See KB3094 - What are Advanced Rounding Rules? for more information.
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