What is rounding entry in SAP (EC-CS - Consolidation)?

SAP Term: rounding entry

• Component: EC-CS

• Component Name: Consolidation

• Description: An entry in the definition of currency translation methods, which is used to check for rounding differences in currency translation. Rounding entries contain FS item sets and sometimes subitem sets, which are checked for rounding differences.

Smart SAP Assistant

• Key Concepts: 
  Rounding entry is a feature in the SAP EC-CS Consolidation component that allows users to round off the values of a consolidation entry. This feature is useful when dealing with large numbers that need to be rounded off for easier calculations. 
  
  How to use it: 
  To use the rounding entry feature, users must first select the “Rounding Entry” option from the Consolidation menu. Then, they must enter the desired rounding value and select the “Round” button. The system will then automatically round off the values of the consolidation entry according to the specified value. 
  
  Tips & Tricks: 
  When using the rounding entry feature, it is important to remember that it only affects the values of a consolidation entry and not any other data associated with it. Additionally, users should be aware that rounding entries can only be used for numerical values and not for text or other data types. 
  
  Related Information: 
  For more information on how to use the rounding entry feature in SAP EC-CS Consolidation, please refer to the official SAP documentation. Additionally, there are many online tutorials and videos available that provide step-by-step instructions on how to use this feature.