Round account balances
You can turn on rounding for account balances in Onvio and specify the account to use for rounding each account type.
- Open a project and click the Rounding switch in the Contact Settings section of the Settings tab.
- Click the Rounding Setup link to open the Rounding panel.
- Mark the checkboxes to apply rounding for the specified balance types.
Note: Mark a checkbox in the Round row section of the Rounding panel to round the balances for the selected balance types.
- In the Rounding Accounts section, specify the appropriate account to use for rounding for each account type - Asset, Equity or Liability, and Income Statement accounts.
Note: You can click the Add Account button to add an account on the fly.
- Click the Save button to apply the rounding selections.
Notes
- Rounded balances that are exported to other tax applications remain rounded.
- You can delete rounded accounts only when rounding is turned off.
- Rounding calculations are based on the balance type that is being rounded and includes all journal entries in the current period calculation.
- All data entry grids and reports reflect rounded amounts for the balance types that are selected.
- For accounts to appear as selections in the account-type fields in the Rounding Setup panel, accounts must be grouped for the Account Classification grouping schedule in the Groupings tab.
- Debit and credit account balances are rounded separately by the application, and then calculated together to arrive at the rounded amount.
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