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Please advise maximum penny difference in AP, AR and GL

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Posted on by J_Lee 270
I have found that the maximum penny difference setting in AP, AR and GL.
 
1. Please advise what difference they are.
2. If the GL's penny difference is configured instead of AP, is it workable when invoice journal is posted in AP module? Any financial impact?
3. If the posting type 'penny difference' is not configured in "Accounts for automatic transactions" under GL module, is it okay when posting?
 
thank a lot
 
 
Categories:
Dynamics 365 Finance
  • Suggested answer
    Alireza Eshaghzadeh Profile Picture
    Alireza Eshaghzadeh 13,264 Super User 2024 Season 2 on at
    Please advise maximum penny difference in AP, AR and GL
    Hi,
    In addition to Andre's feedback, you can assign the Penny difference to both the accounting currency and the reporting currency. Additionally, ensure that the error account is configured under Accounts for automatic transactions on GL modul.
  • J_Lee Profile Picture
    J_Lee 270 on at
    Please advise maximum penny difference in AP, AR and GL
    Thank Andre.
     
    May i know how to configure the penny difference account?
  • Verified answer
    André Arnaud de Calavon Profile Picture
    André Arnaud de Cal... 291,883 Super User 2024 Season 2 on at
    Please advise maximum penny difference in AP, AR and GL
    Hi J Lee,
     
    1
    The AP and AR settings are related to settlements of customer and vendor transactions only. 
    The GL is used for other penny differences due to currency exchange rate roundings.
     
    2
    There is no hierarchy. See also point 1. The settings have different purposes.
     
    3
    If there is no penny differences calculated, there is no issue in not having the account set up. Another fall back might be the error account in case the Penny difference account is not available.

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