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Chart of accounts

Set up rounding options

The application lets you set rounding options for balances on statements and reports. For a client with a segmented Chart of Accounts mask, you can also set options to round balances for each account segment.
If no basis has been specified for a statement or report (which is the initial default setting within the Row, Column, or Cell Properties frame of the Report Designer), the application defaults to using
Adjusted
 as the basis type.
  1. Select
    Setup
    ,
    Clients
    , then select a client.
  2. Select the
    Accounting Information
     tab.
  3. In the
    Balance Information
     section, select
    Edit
    .
  4. In the
    Balance Definitions
     window, mark the checkbox for each journal entry type to include in the calculation for each balance type.
  5. To display rounded amounts in the
    Trial Balance grid
    , in reports and statements, and when exporting data, mark the checkbox in the
    Round Balances
     column.
    note
    For example, you might want to mark the
    Round Balances
     checkbox for the
    Reports
     balance type, but the application lets you specify rounding for other balance types as well.
  6. In the General Ledger Accounts section, select the account to use for rounding for each account type.
  7. For a client with a segmented Chart of Accounts mask and a non-core segment designated as the Primary segment, you can select rounding accounts for each segment.
    1. Mark the
      Round by segment
       checkbox and then select Assign accounts.
    2. In the Codes grid of the
      Account Segments screen
      , specify the rounding account to use for each segment.
    3. Select
      Enter
       to save the account selections, and then select
      Done
       to return to the
      Balance Definitions
       window.
    4. Select
      OK
       to return to the
      Clients
       screen.
  8. Select
    Enter
     to save the client information.

This article applies to:

  • Product: Workpapers CS
  • Subject: Chart of Accounts,Journal entries,Posting periods,Trial balance