Rounding Account on Balance Sheet and Income Statement
Understanding the Rounding Accounts on Financial Statements This knowledgebase article explains why the income statement and balance sheet (might) contain an account called “Rounding” and what you may do to reduce that amount. Why Rounding is a Problem All accounting software struggles with the problem of rounding. Rounding situations most often occur when calculating taxes […]
Rounding Account on Balance Sheet and Income Statement Read More »