Request for Rounding Off Feature in Payment Reconciliation

[parasonit]

Information about bug

Title: Rounding Off Feature Missing in Payment Reconciliation

Description: The current version of ERPNext lacks an automated rounding off feature in the Payment Reconciliation process. This feature is essential for ensuring that payments and receipts align correctly with the financial records, particularly when dealing with transactions involving small discrepancies due to rounding.

Steps to Reproduce: Navigate to the Payment Reconciliation module in ERPNext. Select a transaction for reconciliation. Notice that there is no option to automatically round off the amounts to the nearest whole number or specified decimal place. Attempt to reconcile payments where small discrepancies occur due to rounding issues. Expected Behavior: There should be an option to enable rounding off for payment reconciliations. This feature should:

Allow users to specify rounding rules (e.g., round to nearest whole number, 0.01, etc.). Automatically apply rounding adjustments to reconcile differences between payment records and actual amounts. Actual Behavior: Currently, the Payment Reconciliation module does not support rounding off, which can lead to discrepancies and manual adjustments. Users must manually handle rounding issues, leading to potential inaccuracies and additional administrative work.

Impact: Increased manual effort required to handle rounding discrepancies. Potential for inaccuracies in financial records due to unaddressed rounding issues. Higher risk of errors in financial reporting and reconciliation processes. Request: Please consider adding a rounding off feature in the Payment Reconciliation module to streamline the process and enhance accuracy. Ideally, the feature should include options to:

• Define rounding rules.

• Automatically apply these rules during reconciliation.

• Provide visibility into rounding adjustments made during the process.

Module

accounts

Version

ERPNext: v15.30.0 (version-15)

Frappe Framework: v15.35.0 (version-15)

Installation method

None

Relevant log output / Stack trace / Full Error Message.

No response

[vv-varun]

+1 for this. Much needed feature

[parasonit]

@ruthra-kumar : Please look in to this issue.