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)
Account Code
|
Amount
|
Rounded
|
After Rounding
|
Plant and Equipment
|
|
|
|
Cost B/F (4120)
|
100.55
|
101
|
101
|
Additions (4121)
|
10.85
|
11
|
10
|
|
|
|
|
Total
|
111.40
|
112
|
111
|
|
|
|
|
Rounded Total
|
111
|
112
|
111
|
ROUNDING DIFFERENCE
|
|
(1)
|
-
|
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)
Intangible Assets
|
|
B/F
|
|
|
|
|
|
Goodwill:
|
|
|
|
|
|
|
|
Cost
|
|
4000
|
4001
|
4006
|
|
|
|
Amortisation
|
|
4002
|
4003
|
4004
|
4005
|
4007
|
|
Other intangible:
|
|
|
|
|
|
|
|
Cost
|
|
4010
|
4011
|
4012
|
4016
|
|
|
Amortisation
|
|
4013
|
4014
|
4015
|
|
|
|
Development:
|
|
|
|
|
|
|
|
Cost
|
|
4020
|
4021
|
4022
|
4028
|
|
|
Amortisation
|
|
4023
|
4024
|
4025
|
4026
|
4027
|
|
Intellectual property:
|
|
|
|
|
|
|
|
Cost
|
|
4030
|
4031
|
4032
|
4033
|
|
|
Amortisation
|
|
4034
|
4035
|
4036
|
4037
|
4038
|
4039
|
|
|
|
|
|
|
|
|
Tangible Assets
|
|
|
|
|
|
|
|
Land and property freehold:
|
|
|
|
|
|
|
|
Cost
|
|
4100
|
4101
|
4102
|
4103
|
|
|
Depreciation
|
|
4104
|
4105
|
4106
|
4107
|
|
|
Land and property leasehold:
|
|
|
|
|
|
|
|
Cost
|
|
4110
|
4111
|
4112
|
4113
|
|
|
Depreciation
|
|
4114
|
4115
|
4116
|
4117
|
|
|
Plant and equipment:
|
|
|
|
|
|
|
|
Cost
|
|
4120
|
4121
|
4122
|
4126
|
|
|
Depreciation
|
|
4123
|
4124
|
4125
|
|
|
|
Motor vehicles:
|
|
|
|
|
|
|
|
Cost
|
|
4130
|
4131
|
4132
|
4136
|
|
|
Depreciation
|
|
4133
|
4134
|
4135
|
|
|
|
Fixtures and fittings:
|
|
|
|
|
|
|
|
Cost
|
|
4140
|
4141
|
4142
|
4146
|
|
|
Depreciation
|
|
4143
|
4144
|
4145
|
|
|
|
Computer equipment:
|
|
|
|
|
|
|
|
Cost
|
|
4150
|
4151
|
4152
|
4156
|
|
|
Depreciation
|
|
4153
|
4154
|
4155
|
|
|
|
Investment property:
|
|
|
|
|
|
|
|
Cost
|
|
4160
|
4161
|
4162
|
4163
|
|
|
Depreciation
|
|
4164
|
4165
|
4166
|
4167
|
|
|
Investments
|
|
|
|
|
|
|
|
Investments - listed:
|
|
|
|
|
|
|
|
Cost
|
|
4200
|
4201
|
4202
|
4203
|
|
|
Depreciation
|
|
4204
|
4205
|
4206
|
|
|
|
Investments - unlisted:
|
|
|
|
|
|
|
|
Cost
|
|
4210
|
4211
|
4212
|
4213
|
|
|
Depreciation
|
|
4214
|
4215
|
4216
|
|
|
|
Investments - Other:
|
|
|
|
|
|
|
|
Cost
|
|
4220
|
4221
|
4222
|
4223
|
|
|
Depreciation
|
|
4224
|
4225
|
4226
|
|
|
|
The account code to which the rounding difference is allocated can NOT be changed.
See KB3094 - What are Advanced Rounding Rules? for more information.