This form allows to rename built-in Rounding expense account.
To access this form, go to Settings, then Chart of Accounts, then click Edit button for Rounding expense account.
The form contains the following fields:
Enter the name for this expense account that captures small rounding differences in transactions.
The default name is Rounding expense but you can customize it to match your business terminology.
This account accumulates minor discrepancies from currency rounding in sales and purchase transactions.
Enter an optional account code to organize your chart of accounts systematically.
Account codes help with sorting accounts and can follow your existing numbering system.
Rounding expense is typically a miscellaneous expense with codes in the high expense range.
Select the profit and loss statement group where this expense account should appear.
Rounding expenses are typically shown under other expenses or administrative expenses.
Small immaterial amounts accumulate here to maintain exact transaction balancing.
Click Update button to save your changes.
This account cannot be deleted, it is automatically added to your Chart of Accounts when you have at least one sales invoice with rounding enabled.
For more information see: Sales Invoices