At the top of the Income Statement, click on the folder next to Rounding to access rounding options. When rounding is disabled, you can set the accounts you want to round to for each year. The rounding information also shows you the difference between the Income (loss) as per the Jazzit Income Statement and the Income (loss) as per the Caseware calculated NETINC (as per your trial balance). See rounding for more information.

 

 

When you enable rounding, the difference is applied to the rounding account you have specified for each year. The rounding information changes to show only the amount rounded and which account it was rounded to.

 

 

Rounding will  indicate if a zero balance account has been selected for rounding.

 

 

Click on "Load rounding defaults" to set the balance sheet to the default rounding accounts. The default rounding account is Interest and bank charges.

 

Typically a preparer should not pick a zero balance account for rounding. The zero balance accounts will be automatically filtered out when selecting a rounding account. If you need to round to a zero balance account, the filter can be disabled by clicking on Filter zero balances enabled.