Quick summary
Clearing the Rounding account in Xero involves locating the account in the Chart of Accounts and voiding the associated transaction. This process removes unwanted rounding balances from your general ledger, keeping your accounts accurate and reconciled.
Steps
- On Xero's main dashboard, head over to the top menu bar and click 'Accounting'.
- Select 'Chart of Accounts' from the list of options.
- Find the 'Rounding' account and tap the indicated YTD balance next to it.
- Tap the transaction listed under the Rounding account.
- Go to the top-right corner and click the 'More Options' button.
- Pick 'Void' to proceed with clearing the transaction.
- Click 'Void' again to confirm your request.
- After completing these steps, your Xero Rounding account will be cleared instantly.
