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#1
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I have a spreadsheet I use for breaking numbers down for use in a journal
entry. Each cell calculates a percentage of a number for me. When I ask for a total of the columns to prove that my debits and credits are equal - I get equal numbers; but if actually add everything in one column and then the other the columns are not the same. Somehow the rounding makes it appear as though it balances - then when I key the entry into my accounting software it doesn't balance. I'm confused as to how to control the rounding in the cells. |
#2
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Take a look he
http://www.mcgimpsey.com/excel/pennyoff.html In article , LaraHubbs wrote: I have a spreadsheet I use for breaking numbers down for use in a journal entry. Each cell calculates a percentage of a number for me. When I ask for a total of the columns to prove that my debits and credits are equal - I get equal numbers; but if actually add everything in one column and then the other the columns are not the same. Somehow the rounding makes it appear as though it balances - then when I key the entry into my accounting software it doesn't balance. I'm confused as to how to control the rounding in the cells. |
#3
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The difference you're seeing is due to the way Excel calculates a
number compared to the way it displays a number. If you divide 100 / 3 on a calculator, you get 33.3333333 with infinitely recurring threes. If Excel performs this calculation in a cell formatted for currency, the answer will display as $33.33. The recurring threes are still there, but they are not displayed. Check out the ROUND() function, which allows you to control the number of decimal places. In this example, =ROUND(100/3,2) the answer is 33.33 with no further recurring threes. |
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