About currency rounding rules

If multi-currency support is activated the Enable/disable functionalities (CS100000) window, rounding rules are applied during currency conversion operations. Visma Net uses the following basic rules for rounding:

  • The exchange rates should be specified with six significant figures. The exchange rates themselves are not rounded or truncated.
  • The exchange rates are used for conversions between the base currency and any foreign currency.
  • All currencies are used with the precision of their subunits, and the amounts resulting from currency conversion operations should be rounded up to the nearest currency subunit if the digit in the next decimal place is 5 or greater.

Any differences between the exact and the rounded amounts are accumulated on the Rounding gain account and Rounding loss account, which you specify for the currency in the Currencies (CM202000) window.

The rounding differences for the base currency may occur, if on converting journal entries made in a foreign currency the debit amounts differ from the credit amounts of the batch.
You can specify the accounts for posting gains and losses from rounding transaction in the base currency in the General ledger preferences (GL102000) window.