1. Rounding type: Selection 1 = 0

This rounding type builds the total for the data records found (according to the selection) and posts the total to the differential accounting object you specify.

For example, you can check that the total assets equals the total liabilities and equity – that is, whether the total of all balance sheet items equals zero.

To do this, you define as selection 1 all balance sheet items, and you determine a differential accounting object that lies within the selection. (For more information about defining a selection, see Single Selection .)

The system builds the total and posts a result – if unequal to zero – to the differential accounting object.

Now you can decide whether to record a rounding difference per transaction type.

Option A: Perform rounding for all transaction types and record the difference at a different transaction type.

In this case, the rounding rule has been fulfilled. Hence, the system does not post anything to the differential accounting object.

Option B: Perform rounding per transaction type

In this case no transaction type is specified. For selection 1 this results in the following totals, depending on the transaction type:

In this case, the rounding rule is not fulfilled and the system posts the differences with reversed signs to the differential accounting object:

2. Rounding type: Selection 1 + Selection 2 = 0

This rounding type adds the values for the two selections and checks if the total is equal to zero.

Example 1:

This rounding type can also be used to check whether the total assets equals the total liabilities and equity.

The initial data is the same as in the previous example. You choose the selections as follows:

Example 2:

After currency translation, you want to check if the amortization in the balance sheet matches the amortization expense in the income statement.

Initial data:

As selection 1 you choose the asset items, as selection 2 you choose the amortization expense items of the income statement.

You select an expense item as the differential accounting object. This item must be outside of the selection.

The selections and the corresponding totals are illustrated here:

The system posts the expense of +1 to the differential accounting object.

3. Rounding type: Selection 1 = Selection 2

This rounding type checks if the two selections are equal.

You want to check if two items with different breakdowns have the same value after performing currency translation.

Initial data:

The selections and the corresponding totals are illustrated here:

For the differential accounting object you select the statistical item for accounts receivable from trading partners and, for example, transaction currency “Currency 1”. This differential accounting object must be within the selection.

The system posts the difference of 1 to the differential accounting object.