Define the rounding rules for system currency conversion

Related topics

The following describes how to define the rules for rounding for certain amounts where you do not want an exact conversion.

For example, a budget amount of 500,000 BEF should be converted using the exchange rate 39.19254. This gives a result of 12,757.53. The rounding rules gives a possibility to receive a rounded amount.

Note: Rounding rules are only used for IBS Distribution and IBS Financials.

Select the Set rounding rules menu item.

You access the Set rounding rules window. Only the rounding rules that are applicable for the activated applications are displayed. The following is shown:

File: Displays the name of the file where the field to define rounding rules for can be found.

Field: Displays the name of the field.

Description: Describes the function of the field for which rounding rules should be defined.

Value: Enter the value that you want the field to be rounded to.; For example, 100 means that the amount will be rounded to the nearest hundred. 1000 means that the amount will be rounded to the nearest thousand. This field is used in combination with the Type field below.

Type

One of the following types applies:

Type	Description
1	The conversion program will reduce the value of the amount.
2	This is the default which means that half-adjustment of the value will be performed. If you want the field to be rounded, one way or the other, then you choose one of the other two types.
3	The conversion program will increase the value.

This field is used in combination with the Value field above.

Examples:

Amount to be rounded	Type	Value	Rounded amount
13,499	1	1000	13,000
13,499	2	1000	13,000
13,501	2	1000	14,000
13,499	3	1000	14,000