Setting the Budget Rule Rounding Options
If you choose the Divide Evenly, 4/4/5, 4/5/4, or 5/4/4 budget rule, General Ledger divides the base amount among your budgeting periods and rounds the distribution amounts to the minimum accountable unit of the budget currency. In some cases, the rounding calculation may result in total distribution amounts that do not equal the base amount. Set the rounding options to handle differences resulting from amounts that cannot be divided exactly. You can either choose to ignore any rounding errors, or you can post the difference to a specific budget period.
If you choose to distribute the rounding difference, General Ledger will attempt to post the difference to the period you specify, unless the rounding difference is less than the minimum accountable unit of currency. When you specify a rounding distribution period, it remains in effect until you change the rounding options, or until you change the start period for distributing the base amount.
The default rounding option is to ignore any rounding errors.
To post the difference from a rounding calculation to a specific period:
1. Navigate to the Enter Budget Amounts or Enter Budget Journals window.
2. Specify the budget organization, budget, accounting periods, currency, and budget entry mode.
3. Query the account for which you are entering budgets.
5. Choose the Divide Evenly, 4/4/5, 4/5/4, or 5/4/4 Rule.
6. Choose the Options button to set the rounding options.
7. Select Distribute Difference To.
8. Enter the Period to post the rounding difference.
9. Choose OK to return to the Budget Rules window.
To change the rounding option to ignore rounding differences:
1. Navigate to the Enter Budget Amounts or Enter Budget Journals window.
2. Specify the budget organization, budget, accounting periods, currency, and budget entry mode.
3. Query the account for which you are entering budgets.
5. Choose the Divide Evenly, 4/4/5, 4/5/4, or 5/4/4 Rule.
6. Choose the Options button to set the rounding options.
7. Select Ignore Rounding Error.
8. Choose OK to return to the Budget Rules window.
