From February 4, 2013, the Royal Canadian Mint will no longer distribute pennies. For Solid Route Accounting™ to correctly round up or down to the nearest 5 cents for cash transactions, you will need to create a new rounding item.

Note: rounding will only occur on Invoices (B), open Orders (O) and Credits (E) that have a cash payment type. Rounding will not happen on Received on Accounts (R).

In Solid Business Central™:

  1. Create a new labour item department for the rounding part:
    1. Navigate to [Datafile / Department / View]
    2. Press the <insert> key to add a new department
    3. Ensure the [Type] field is set to "L" for Labour
    4. If you would like the rounding adjustments to be captured in a separate GL account, enter this account in all 6 of the GL Integration Number fields; otherwise, use the sales account.
  2. Add a new part
    1. Navigate to [Datafile / Inventory / View]
    2. Press the <insert> key to add a new part
    3. Ensure to assign it to the newly created department
  3. Enable the rounding feature
    1. Navigate to [System / Configure / Company / Settings]
    2. In the "Penny Item" field, enter the newly created penny rounding item.

      Note: if this field is left blank, no rounding will take place

In Other ERP Systems:

  1. In the ERP system, create an "Other Charge" or a non-inventory tracking item that will be used in the rounding process.

In SolidRouteAccounting.com:

  1. Run Solid Fusion™ to import this newly created item
  2. Open SolidRouteAccounting.com
  3. Navigate to [Settings]
  4. For the "Penny Rounding Item" field, select the newly created item from the list, and click on [Save]

    Note: if this field is left blank, no rounding will take place

QuickbooksSage 100Solid business centralSyspro

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