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Finance | Project Operations, Human Resources, ...
Suggested Answer

Can't write off 0.01 from customer, penny difference transaction automatically created

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Posted on by 55

When we try to write off 1 cent from a customers account using a general journal, a corresponding transaction gets created for 'penny rounding' which offsets the write off, making the balance 0.01c for the customer again. Our penny rounding is set correctly, we don't know why the penny rounding transaction is automatically created.

We are able to write off other higher values normally but not a 0.01c value, please see attached for an example.

Any idea what could be the cause of the automatically created penny difference?

pastedimage1664335495414v1.png

I have the same question (0)
  • BillurSamdancioglu Profile Picture
    19,703 Most Valuable Professional on at

    Hi,

    Can you.try to settle after posting?

  • Suggested answer
    Alireza Eshaghzadeh Profile Picture
    14,672 Super User 2025 Season 2 on at

    Hi Victoria,

    Ref. to the screenshot the general journal trans has zero balance, do you have settled it manually against penny diff?

    Can you check Write off journal which invoice it has been associated to?

  • Victoria723723 Profile Picture
    55 on at

    Yes, the settlement is done, just unsure why it automatically generate a penny difference transaction in the first place

  • Suggested answer
    Alireza Eshaghzadeh Profile Picture
    14,672 Super User 2025 Season 2 on at

    Ref. to the screenshot is related to the Write-Off journal. Can you provide more info about the write-off journal and the involved invoices?

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