To fix the penny rounding difference in Bank Reconciliation, follow the below steps:
Step 1:- Upload the bank statement.
- Navigate to Upload Bank Statement Module.
- Choose the Bank Account in which you want to upload the Statement.
- Download the Template.
- Add the required Penny rounding amount.
NOTE- Negative amount for payments and positive amount for deposits.
- Browse the upload file and upload the same.
Step 2:- Create Journal Entry.
- For creating a JE for payments, use: Debit the Penny Rounding (Expense A/c) and credit the Bank A/c.
Step 3:- Navigate back to Reconcile Bank Account module and Refresh the Results.
- Match and Reconcile the transactions.
- Now you can finish the Reconciliation for the same period.
