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How do I:Set Up Invoice Rounding

One of my reader requested for this topic, since I am too late to respond, don’t now if this can help him in any manner. But still may help someone in future. From past 2 months I am too busy in other activities that I am unable to check and respond to mails and also very limited posts.

I would request to keep writing to me when ever I get some spare time will definitely respond in form of posts to your queries.

Here we go…

Please find the Link below for other part of this post for complete answer to the query in sequence posted separately each part of setup: “Please let me know how to setup invoice rounding in Navision 2015, step wise.”

I have taken screen shot from Navision 2016 although every thing remains same and equally applicable to Navision 2015.

If you want to automatic invoice rounding to deal with Local regulations or local custom may require the invoice to be rounded in a specific way required.

When an invoice is rounded, an extra line is inserted with the rounding amount and this line is posted additionally with the other invoice lines.

To use automatic invoice rounding, you must follow below steps: explained separately via different posts

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How do I: Enable the Invoice Rounding Function

If you want your sales and purchase invoices are rounded automatically, you will have to activate the invoice rounding function.

To activate the invoice rounding function

  1. In the Search box, enter Sales & Receivables Setup or Purchases & Payables Setup, and then choose the related link.
  2. On the General Fast Tab, select the Invoice Rounding check box.

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You can activate invoice rounding separately for sales and purchase invoices.

How do I: Set Up Rounding Rules for Foreign Currency

To use the automatic invoice rounding function, you must set up rounding rules.

To set up rounding rules for foreign currency

  1. Open the Currencies
  2. In the Currencies window, fill in the Invoice Rounding Precision and Invoice Rounding Type For more information on specific field, select the field, and then press F1.

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How do I: Set Up Rounding Rules for the LCY

To use the automatic invoice rounding function, you will be required to set up rounding rules.

To set up rounding rules for local currency

  1. Open General Ledger Setup
  2. In the General Ledger Setup window, on the Respective Fast Tab, fill in the Amount Rounding Precision, Unit-Amount Rounding Precision, Rounding Precision (LCY) and Invoice Rounding Type (LCY) fields.

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You can take help of technical team to add/display fields not visible on the page. These fields are available in Table. For more details about fields you can use F1 help.

How do I: Set Up General Ledger Accounts for Invoice Rounding Differences

To use the automatic invoice rounding function, you will be required to set up the general ledger account or accounts in which the rounding differences will be posted. Before you can do this, you will be required to set up VAT product posting groups.

To set up general ledger accounts for invoice rounding differences

  1. Set up the account in the Chart of Accounts window and name it Invoice Rounding or as required name. (I am showing the standard Account defined in Demo Database, you can setup your own as per the requirement)
  2. In the Posting Type field, select <Blank>.
  3. Fill in the VAT Bus. Posting Group field or can leave blank.
  4. Fill in the VAT Prod. Posting Group You may want to set up a new group code that can be used for invoice rounding, if don’t have any existing to be used.

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Now you need to assign the invoice rounding account to posting groups in the Customer Posting Groups window and the Vendor Posting Groups window.

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Important

Most of the contents you find in this blog will be either inherited from MSDN or Navision Developer IT Pro Help. Some places images are also directly taken from these sites. Purpose is simple to try those stuffs and re-produce adding few things as per my understanding to make easy understanding for others and quick reference.

Here nothing under my own brand or authorship of the content. At any point of time we are just promoting Microsoft stuffs nothing personnel with same.

Hope stuffs used here will not violate any copyright agreement with them. In case by mistake or in-intestinally it happens and the Microsoft feels these should not be used Microsoft have full right to inform me about same and will be glad to take down any such content which may be violating the norms.

Purpose is to promote Navision and share with community.

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