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Q: Why is there 1 cent difference between WOL and my external accounting system? (Rounding)
A: In Wise Owl we have worked very hard to eliminate rounding issues.
Rounding issues really are part of life unfortunately. Some External Accounting Systems have known issues in the Accounts Receivable area which will result in 1 cent being left on debtors accounts, which should be checked and clearly quarterly if not monthly.
Please see procedure here to learn how to write off rounding.
Q: How do I change my default bank account for receipting?
A: Under Appliance Settings > Finance > Receipts > Default Receipt Account
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