How to change the Rounding Account Code at Chart Level

Logging on as a Master User

• Users will need to log in as a Master user or have Super User permissions to amend the settings at chart level.

Changing the Rounding Error Account Code

1. From the menu, select Setup | Account Charts
   
   
   
   The following screen displays:
   

2. Highlight the relevant chart that requires amendment and click Amend.
   
   
   
   A list of options displays.

3. Select the Rounding error accounts option.
   
   
   The Nominated Rounding Error Account screen displays:

4. Enter the new rounding account code in the Round to £ field. Alternatively, click the magnifying glass in the Round to £ field and select a valid account code.

5. Click OK.
   
   

6. Close out of the Accounts Chart Maintenance screen.
   

7. The rounding account specified must be an appropriate account per the Chart of Accounts, do not use a main account where a sub account would be required or use an account that isn't a specified account code.
   
   When producing financial statements to the nearest £’000, the rounding error account code must be amended in the Round to £’000 field.

To revert back to the defaults, select the Issue Defaults option.

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