Set Up Invoice Rounding | Microsoft Docs

If you need to round invoice amounts when you create invoices, you can use the automatic rounding function. When an invoice is rounded, an extra line is added with the rounding amount and posted with the other invoice lines.

NOTE

Local regulations or local custom may require the invoice to be rounded in a specific way, for example, to an amount divisible by 0.05.

To use automatic invoice rounding, you must:

NOTE

In addition to the invoice rounding features, you can round amounts on invoices by the unit-amount rounding feature and the amount rounding feature.

Set up general ledger accounts for invoice rounding differences

To use the automatic invoice rounding function, you must set up the general ledger account or accounts where rounding differences will be posted. Before you can do this, you must set up VAT product posting groups. For more information, see Set up VAT.

To set up general ledger accounts for invoice rounding differences

  1. Choose the Lightbulb that opens the Tell Me feature icon, enter Chart of Accounts, and then choose the related link.
  2. On the Chart of Accounts page, set up the account and name it Invoice Rounding or something similar. Business Central will use the account name as text for invoices that are rounded.
  3. Depending on whether you use VAT or sales tax, in the Tax Prod. Posting Group or VAT Prod. Posting Group fields, choose a posting group for rounded amounts. You may want to set up a new group code to use for invoice rounding.
  4. Leave the Gen. Posting Type, and either the Tax Bus. Posting Group or VAT Bus. Posting Group fields blank.

Now you can assign the invoice rounding account to posting groups on the Vendor Posting Groups page.

Set up rounding for foreign and local currencies

Before you can use the automatic invoice rounding function, you must set up rounding rules for foreign and local currencies.

To set up rounding for foreign currencies

  1. Choose the Lightbulb that opens the Tell Me feature icon, enter Currencies, and then choose the related link.
  2. On the Currencies page, choose the foreign currency to open the Currency Card, and then fill in the Amount Rounding Precision, Unit-Amount Rounding Precision, Invoice Rounding Precision and Invoice Rounding Type fields.

To set up rounding for your local currency

  1. Choose the Lightbulb that opens the Tell Me feature icon, enter General Ledger Setup, and then choose the related link.
  2. On the General Ledger Setup page, on the General FastTab, fill in the Inv. Rounding Precision and Inv. Rounding Type fields.

Activate the invoice rounding function

To ensure that sales and purchase invoices are rounded automatically, you must activate the invoice rounding function. You activate invoice rounding separately for sales and purchase invoices.

  1. Choose the Lightbulb that opens the Tell Me feature icon, enter Sales & Receivables Setup or Purchases & Payables Setup, and then choose the related link.
  2. On the General FastTab, choose the Invoice Rounding check box.

See Also

Invoice Sales
Record Purchases


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