How to change the Rounding Account Code at Chart Level

Introduction

This topic explains how to change the Rounding Account Code at Chart Level.

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

1. Log in to the IRIS main menu.

2. Select IRIS Accounts Production.

The following dialog displays.

3. In the Username field enter MASTER.

4. Enter the master Password and click OK.

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Changing the Rounding Error Account Code

1. From the Accounts Production toolbar, 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 following screen displays.

4. Enter the new Rounding account code in the Round to £ field and click OK.

• 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.

The following screen displays.

5. Click Close.

6. The rounding account specified must be an appropriate account as per the Chart of Accounts. Do not use a main account where a sub account would be required. Alternatively, select the magnifying glass in the Round to £ field and select a valid account code.

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