Default Round A/c

YouTube: How to Specify the Rounding Account for Posting Round-off Amount in Sale Bill?

How to Specify the Rounding Account for Posting Round-off Amount in Sale Bill?

The Default Round Account feature in Logic ERP automatically manages small rounding differences during billing, ensuring accurate and consistent financial records.

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Step-by-Step Configuration

• Open the Sales Voucher Configuration.

• Select the relevant Billing Series.

• Click on “Other Setting 1”.

• Click on the “Other Settings” button.

• Locate the option labeled: “Default Round A/c”

• From the dropdown list, select the appropriate ledger (e.g., Round Off).

As mentioned above, follow the given steps and select the appropriate option from the dropdown as per your requirement.

• Click OK and save the changes.

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How It Works During Billing

• Proceed to create a Sales Bill.

• Open the View Totals window.

• You’ll notice:

  • The transaction amounts are shown.

  • A rounding difference (e.g., ₹0.12) is applied to finalize the payable amount.

As you can see in the picture, a round-off amount of ₹0.12 is being shown in the Round A/c.

• This difference is automatically posted to the Round Off ledger account.

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Post-Billing Ledger Impact

• After saving the bill:

  • Go to the Round Off account ledger.

  • You’ll see that the rounding difference is posted here automatically.

As shown in the picture, the rounding difference is automatically posted to the Round A/c.

• This ensures clean and accurate accounting entries for minor adjustments.

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Benefits

• Eliminates manual intervention for small rounding amounts.

• Maintains accuracy in financial reporting.

• Ensures compliance and consistency across billing operations.