I currently use VT Final Accounts to prepare sole trader and small company accounts and I am encountering an issue with the comparative year figures due to rounding.
The problem arises with b/fwd balances such as fixed asset depreciation and fixed asset costs. Due to rounding, sometimes the current year b/fwd figures don’t match the previous year closing balances eg Depreciation at start of current year does not match the total of depreciation b/fwd at the start of previous year ‘PLUS’ depreciation charge in previous year. There may be a difference of £1.
The help text in VT Final Accounts describes manually adjusting the previous year comparatives. Is it acceptable to have some comparative figures which may differ slightly by £1 (even though the overall balance remains the same) compared to the original accounts from the previous year? I am thinking particularly for company accounts.