Monday, 2014-06-16

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tgnitI was searching for accounting issues related to rounding on the internet  and here are some links18:18
tgnithttp://www.accountanttown.com/site/why-are-the-amounts-on-the-financial-statements-rounded-to-thousands-or-millions18:18
tgnithttp://stackoverflow.com/questions/2860432/common-strategies-to-deal-with-rounding-errors-in-currency-intensive-soft18:18
tgnitI found that most of the rounding problem does not apply to ledger , for example the bulk accumulated error does not occur in ledger.18:20
bkuhnThat's definitely very good.18:21
bkuhnWe should document how good Ledger-CLI is in this regard. :)18:21
bkuhn(I'll be offline for about 30 min)18:21
tgnitThis is due to the fact that internally ledger stores every amount as rational number and rounding occurs only at the time of display. So it is off by a few cents or to the precision set.18:21
tgnitsure .18:21
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