Set up amount rounding precision in general ledger

When you post an excise item besides the creation of the excise ledger duty entries, the financial integration is also created. This posting of finances is done based on the setup on the General Ledger. The Amount Rounding Precision field on the General Ledger defines the decimal places with which amount is posted in the GL Entries. When you post the Excise Amount, Excise Amount to GL and Rounding Amount fields are visible on the Excise Duty Ledger Entry page.

The Rounding Amount is calculated as Excise Amount minus Excise Amount to GL.

For example, if the Excise Amount is € 0.7945 and the Excise Amount to GL is€ 0.79,

Rounding Amount = Excise Amount – Excise Amount to GL

= 0.07945 – 0.79

= 0.0045

When posting the Excise Amount, the Excise Amount is posted to GL with the rounded value.

Excise Amount in relation to the Local Currency (LCY) Code of General Ledger Setup

When you create excise data or excise duty ledger entries, the Excise Amount is always calculated based on the LCY Code on the General Ledger Setup page.

The following situations can be valid:

• If the Currency Code on the Excise Version is the same as the LCY Code, the Excise Amount is not recalculated.
• If the Currency Code on the Excise Version is blank, the Excise Amount is not recalculated.
• If the Currency Code on the Excise Version and the LCY Code is different, the Excise Amount is recalculated based on the exchange rate.