Overview:
- Exporting bills with rounding differences to your accounting system.
Normally, if the rounding difference is only a cent, Ocerra ignores it and displays the calculated amount in green. However, if the difference exceeds a few cents, the amount will be shown in red.
While Ocerra extracts exactly what is on the invoice, you have to keep an eye on the rounding difference when exporting to your system.
Depending on your accounting system settings, it may override what is exported from Ocerra. Technically, your system might re-calculate exported documents from Ocerra the same way as you would enter it manually.
Rounding difference for MYOB ARL and Xero
This usually arises when the supplier's system does not calculate the tax amount correctly.
To resolve the rounding, please adjust the amount in the way you usually do. If you prefer to handle it in Ocerra, you can add a new line with the code "Rounding" and enter $0.01 or $0.02 to adjust the total amount at the line level.
Rounding difference for MYOB Acumatica
It is not exactly MYOB AdvAcumatica anced or Ocerra problem but there are ways in both systems on how it can be adjusted:
Step 1: In MYOB Acumatica, navigate the specific supplier, and in Purchase Settings, change the Tax Calculation mode to Gross and click Save.
Step 2: In Ocerra, navigate to Settings, MYOB Acumatica and enable Calc Tax in Acumatica parameter and click Save.
Step 3: Re-sync suppliers in Ocerra to import the new Tax Calculation setting for this supplier.
(!) It should help with the total amount but in some cases, the GST may still float.
Despite the discrepancy, you can still export this document to your system without any issues.
Understand how rounding discrepancy works in Ocerra.