Create Rounding Journal Entry [Utilities menu]

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Important reminder!

Licenses for Payroll CS, Trial Balance CS, and Write-Up CS (but not Engagement CS) permanently expired on March 1, 2017.

For details, see CSA license expiration 2017 – frequently asked questions.

Some processes documented in the Help & How-To Center are no longer applicable, due to the discontinuation of these CSA modules.

Choose Utilities > Create Rounding Journal Entry to create a (reclassifying) adjusting journal entry that rounds the year-to-date Chart of Accounts balances. In the Rounding dialog, specify the appropriate rounding accounts for Assets, Liabilities, Income Statement, and Retained Earnings and then click OK to initiate the creation of the rounding adjusting journal entry.

The reclassifying adjustment is reflected on reports, workpapers, and financial statements when the Report basis is selected for display.

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