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Trial Balance

Round account balances

You can turn on rounding for account balances in Onvio and specify the account to use for rounding each account type.
  1. Open a project and select the
    Rounding
     switch in the
    Contact Settings
     section of the
    Settings
     tab.
  2. Select
    Rounding Setup
     to open the
    Rounding
     panel.
  3. Mark the checkboxes to apply rounding for the specified balance types.
    note
    Mark a checkbox in the
    Round row
     section of the
    Rounding
     panel to round the balances for the selected balance types.
  4. In the
    Rounding Accounts
     section, specify the account to use for rounding for each account type Asset, Equity or Liability, and Income Statement accounts.
    note
    You can select the
    Add Account
     button to add an account.
  5. Select the
    Save
     button to apply the rounding selections.
note
  • Rounded balances that are exported to other tax applications remain rounded.
  • You can delete rounded accounts only when rounding is turned off.
  • Rounding calculations are based on the balance type that is being rounded and includes all journal entries in the current period calculation.
  • All data entry grids and reports reflect rounded amounts for the balance types that are selected.
  • For accounts to appear as selections in the account type fields in the
    Rounding Setup
     panel, accounts must be grouped for the
    Account Classification
     grouping schedule in the
    Groupings
     tab.
  • Debit and credit account balances are rounded separately by the application, then calculated together to arrive at the rounded amount.

This article applies to:

  • PRODUCT: Onvio
  • Subject: Trial balance
  • Audiences: Staff