Rounding differences can occur when a supplier calculates discounts or taxes on its sales invoices. Therefore the numbers may not add up and a few cents can be missing. A missing cent is a big deal for an accountant, so it is important for your invoices to list correct numbers.
Fo making sure that rounding differences are properly recorded on your accounting, few steps should be taken at Envoice.
- Go to Settings > General
- Find field "Account for rounding differences" and select the proper account from your chart of accounts
- Find field "Tax rate for rounding differences" and select the corresponding tax rate
- Click Save at the bottom of page