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Making adjustment for rounding up and down figures

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Question
Making adjustment for rounding up and down figures

Answer

1) Create an account code in Chart of Account , in Less: Expenses

eg: 400-1200 Round Up/Down Expenses

2) Every month end, user are required to calculate the amount gain/loss and made an adjustment in GL -> Journal Entries

3) Go to General Ledger -> Journal Entries

select the Debit Account, eg : Cash In Hand, Bank

select 400-1200 Round Up/Down Expenses

 

3) depending on the situation, adjust using these 2 account codes.


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Article Details
Views: 5938 Created on: Aug 07, 2014
Date updated: Aug 07, 2014
Posted in: Delphi

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