Small rounding differences usually appear in most completed Jazzit Financial Statements. Jazzit Financial Statements has a built in rounding feature to address this. Rounding differences are applied or 'plugged' to designated rounding accounts when the Rounding feature is activated. Activate the rounding using the Rounding status button (see below for further details).
We strongly recommend rounding remains disabled until you have completed all your adjusting journal entries and the file is complete. If you need to make further entries after it has been enabled, disable the rounding until your adjustments have been completed.
Please see the following links for more information on using the Rounding feature:
The Rounding button in the Home Menu changes to indicate the current rounding status. The Rounding button on the Home Menu (which remains in the upper, right corner in a freeze frame when scrolling) will switch to indicate the current rounding status.
Rounding enabled (click on the button to disable).
Rounding disabled (click on the button to enable).
Rounding needs to be recalculated. To recalculate, disable the rounding and then re-enable it.
We strongly recommend rounding remains disabled until you have completed all your adjusting journal entries and the file is complete. If you need to make further entries after it has been enabled, disable the rounding until your adjustments have been completed.
When rounding is disabled, values indicate the amount that the statements are out of balance with. When rounding is enabled, the value indicates the amount applied to the rounding account above. See Rounding Differences for more details on rounding accounts.
A yellow bar appears to indicate the statements have not been rounded. This warning will also print on the first page of the financial statements. This option can only be switched off in the Resource Centre by the Jazzit Administrator.
