Amount rounding issues in AR receipts. Rounding difference causes to AR agings

Epicor ERP 9
1

Greetings guys,
We are facing some amount rounding issues when,an accounting personnel creates AR receipt entry in different currency. Hence the currency rates are changes daily or weekly basis,its get very hard to record such amounts,whoes differences are in 0.01 to 0.10. We have much more transaction shown in AR agings dueto this issue. Is there any facility to automatic rounding to perfect amount.

Thanks in advance…

2

I would check to see how the currency rouding is setup.
Currency Management -> Currency Master Maintenance - check the rounding tab to set rules - this will affect AR transactions.

3

@kfierce : Little bit confused about rounding rules in Currency Mngt -> Currency Master -> Rounding to EURO. There are 4 different values to put. Which i should put and what will be to Multiplier if i set rounding up rule. .?

Thanks.

4

What is the issue, exactly? Is the program not rounding as you expect, or is it not posting in the correct location, etc? There is also a GL account assigned on the Book to catch rounded amounts due to currency.

5

Yes, you are correct, Actually there is provision for such rounded amount due to currency rate changes on daily basis. We have GL account Currency Gain/Loss for that. Now issue is solved.Our accountant entered 0.01 USD extra in Cash receipt entry than invoice amount.