How To Configure Rounding of Gross Amount in Sale Bill?
In this tutorial, we'll walk you through how to customize the rounding behavior of the gross amount during your sales transactions. This can help ensure accuracy and consistency in your billing, especially when dealing with fractional values.
Access Configuration
Navigate to Sales Voucher Configuration.
Select the relevant billing series.
Click to Other Settings-2.
Look for the option labeled "Gross Amount Rounding".
Five Available Parameters in Group Schemes.
2 Decimals
3 Decimals
4 Decimals
Round Off
Round Off Bill Wise
As mentioned above, follow the given steps and select the appropriate option from the dropdown as per your requirement.
Understanding the Rounding Options
The Gross Amount Rounding setting offers five parameters to control how gross amounts are displayed and calculated.
Rounding Options Breakdown
Option
Description
2 Decimals (Default)
Rounds off each item's gross amount to 2 decimal places.
3 Decimals
Rounds off to 3 decimal places.
4 Decimals
Rounds off to 4 decimal places.
Round Off
Rounds each item’s gross value individually, then adds them up.
Round Off Bill Wise
Adds all items’ values first, then rounds the total gross amount.
Demonstration of Behavior
Default: 2 Decimal Places
Every item amount is rounded to two decimals before calculating the total.
As you can see, the software has automatically converted the amount to 2 decimal places.
As we saw above with the result for 2 decimal places, similarly, 3 and 4 decimal places will work in the same way. You can define it as per your requirement.
Round Off
Example:
Item 1: ₹778.40 → rounded to ₹778
Item 2: ₹1,505.40 → rounded to ₹1,505
Gross Total = ₹778 + ₹1,505 = ₹2,283
As you can see, the software has automatically rounded off the amount row-wise.
Round Off Bill Wise
Item values are summed first, then the final total is rounded.
₹778.40 + ₹1,505.40 = ₹2,283.80
Rounded to ₹2,284 (if rounding to whole rupee)
As you can see, the software has automatically rounded off the amount bill-wise.
Conclusion
Choosing the right rounding method ensures that your billing aligns with financial preferences and regulatory norms. Whether you want precision (up to 4 decimals) or simplicity (whole numbers), Logic ERP gives you the flexibility.
