HOW TO FIX 1-CENT ERROR NOT FOUND IN DIAGNOSTICS?
In this example, where the user is using USD as base/functional currency and uses an exchange rate of 0.7509, where a single credit entry flows into the Trade Creditor account, and 12 debit entries flows to the Expense accounts.
We can see that the GL Transaction Listing is now unbalanced with debit side as $869.51 and the credit side as $869.52. This posting will result in the Trial Balance going out by 1-cent.
The problem is due to the lack of resolution in the Exchange Rate. Although the report shows a 4-decimals rounded amount of 0.7509, it can in reality be stored to 6 decimal places. This issue can easily be solved if the user changes the Exchange Rate to 0.750879, and the following GL posting is achieved. See following:
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