This article is Step 4E of Understanding Accounting Integration - Control Accounts > Cash Rounding
To see all the steps of Understanding Accounting Integration, please review - Overview - Understanding Accounting Integration
Step 4E - Control Accounts - Cash Rounding
This General Ledger Account is typically set up as either a Cost of Goods Sold or Expense account and is only used when cash payment rounding has been enabled in your Blackpurl
This is enabled in System Settings > Settings and Controls - Price Settings
The entries made to this General Ledger Account are for the differences between the payment being recorded and the rounded value of that payment.
For this example, Invoice is $364.99 and the customer has elected to pay by cash of $365.00
To balance out the difference between the amount required and the amount paid is a journal entry to the Cash Rounding General Ledger and Customer deposits
