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Microsoft Dynamics GP (Archived)

rounding difference account

Posted on by 1,290

Dear all,

I am trying to save journal entry using nonfunctional currency, I receive a message says "The rounding difference account is not selected for the transaction currency. Do you want to save the unbalanced entry?".

The entry itself is balanced in the originating currency but it is not balanced in the functional currency. What should i do to balance save then post?

Thanks

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  • Suggested answer
    Community Member Profile Picture
    Community Member Microsoft Employee on at
    Re: rounding difference account

    Quoting from GP help:

    The rounding difference account is not selected for the transaction currency. Do you want to save the unbalanced entry?

    Situation:

    You've attempted to save a multicurrency transaction, but the currency ID you've entered for the transaction hasn't been selected for the rounding difference account you've specified in either the Posting Accounts Setup, Multicurrency Posting Account Setup or Multicurrency Posting Account Setup by Rate Type window.

    Solution:

    To save the unbalanced transaction, choose Save. To delete it, choose Delete. To make changes to the transaction before saving it, choose Cancel. Before you can post the transaction, you'll need to assign the transaction's currency to the rounding difference account using the Select Account Currencies window or enter a different account as the rounding difference account using the Posting Accounts Setup, Multicurrency Posting Account Setup or Multicurrency Posting Account Setup by Rate Type window.

  • Suggested answer
    Community Member Profile Picture
    Community Member Microsoft Employee on at
    Re: rounding difference account

    Just make sure that you currency is linked to the rounding differences account you have selected in Cards >> Financial >> Account Currencies, this might be the case.

  • Waleed Tibi Profile Picture
    Waleed Tibi 1,290 on at
    Re: rounding difference account

    Dear Mohammad,

    Thank you for the reply, I checked the Fabrikam company and the rounding variances account is there, but still getting the same massage when I save the entry, the exact example is as follows, USD1=AED3.68. the entry includes the following debit amounts in AED 855+280+160+185+170+285+155 the credit is AED 2090.

    when saving the entry the USD debit is 567.95 and credit is 567.93.

    This result we got in the actual data of ours, and when i am trying in Fabrikam i get the same result. Any suggestions how to fix it?

    Best Regards

  • Suggested answer
    Community Member Profile Picture
    Community Member Microsoft Employee on at
    Re: rounding difference account

    Go to Microsoft Dynamics GP menu >> Tools >> Setup >> Posting >> Posting Accounts, select Financial and fill the Rounding Variances account, it will hold any variances due to multicurrency roundings.

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