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Dynamics 365 Community / Forums / Microsoft Dynamics NAV (Archived) / Rounding values throug...
Microsoft Dynamics NAV (Archived)

Rounding values through - Purchase & Payable Setup ->“Invoice Rounding” indicator.

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Posted on by AshishSharma003 220

Dear Team,

In Purchase & Payable Setup -> General Group -> “Invoice Rounding” indicator is checked, as per accounts requirements.

But in case of General Purchase there are few items which costs in decimal price, same is the case of sales.

System already working since years and have inventories of such items.

So this “Invoice Rounding” indicator is checked and unchecked based on the requirement of Sale/Purchase/Accounts.

Is there any other work around..

Please Suggest 

Best Regards,

Ashish

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  • Suggested answer
    Paras mehan Profile Picture
    Paras mehan 3,518 on at

    Hi,

    Go to General Ledger setup set invoice rounding precision as 1 and if you want for particular currency you also can setup in currencies.

    Best Regards,

    Paras Mehan

  • AshishSharma003 Profile Picture
    AshishSharma003 220 on at

    What are its effects?

  • Suggested answer
    Paras mehan Profile Picture
    Paras mehan 3,518 on at

    When you will create invoice then it will avoid the amount in decimal and take the rounding amount as per your setup in GL setup.

  • Suggested answer
    RobertasR Profile Picture
    RobertasR 5,004 on at

    Hi,

    the Invoice Rounding is used to round total amount of invoice, not the amount of each line. Each line (cost of goods) will NOT be affected and will stay as entered in the order/invoice. However when posting, system will check 'Invoice Rounding Precision' from the General Ledger Setup (or related currency code setup), and will round the total invoice value to the set rounding figure (0.01 means allowing two decimals). The difference between original amount and rounded amount will be posted into P&L as per set G/L code.

    At this point I'm not sure why would you switch the rounding on/off, as it should be set based on the country specific legal requirements. Then the question is what are you trying to achieve by rounding, and whether you ant the rounding on lines (costs) or invoice?

    Robertas

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