RealTime CEO
  • About Us
    • Nick Setchell – RealTime CEO
    • Vistage & TEC WorkshopsNick Setchell has been working with Vistage, the world’s largest CEO organization, since 2001.
    • NewsSee what’s happening with RealTime CEO.
    • Economic Update Report
    • Contact UsReach out to us. If you’re interested in booking Nick to give a keynote address or workshop at your conference, please include the date and location.
  • Concepts
    • Fiscal Focus Financial Statement AnalysisUnlock the hidden numbers in your P&L and balance sheet to see how you’re performing in 11 vital metrics.
    • Should We? / Can We?View, in real time, the actual financial impact of the hundreds of business decisions your team makes every month.
    • 24 Month Rolling ForecastingBlend your trailing twelve months with a rolling 12-month forecast to get a complete financial picture of your business.
    • J Curve ManagementTrack the number of investments you’re undertaking, the 3 phases of each, and the 5 rules for managing them.
    • Return on Operations – ROOView your return on operations percentage — your ROO % — the most powerful number to measure business success.
    • CEO Performance AnalysisBenchmark your performance as a private-company CEO against others in your industry.
  • Resource Center
  • Blog
  • Login
  • SUBSCRIBE

  • About Us
    • Nick Setchell – RealTime CEO
    • Vistage & TEC WorkshopsNick Setchell has been working with Vistage, the world’s largest CEO organization, since 2001.
    • NewsSee what’s happening with RealTime CEO.
    • Economic Update Report
    • Contact UsReach out to us. If you’re interested in booking Nick to give a keynote address or workshop at your conference, please include the date and location.
  • Concepts
    • Fiscal Focus Financial Statement AnalysisUnlock the hidden numbers in your P&L and balance sheet to see how you’re performing in 11 vital metrics.
    • Should We? / Can We?View, in real time, the actual financial impact of the hundreds of business decisions your team makes every month.
    • 24 Month Rolling ForecastingBlend your trailing twelve months with a rolling 12-month forecast to get a complete financial picture of your business.
    • J Curve ManagementTrack the number of investments you’re undertaking, the 3 phases of each, and the 5 rules for managing them.
    • Return on Operations – ROOView your return on operations percentage — your ROO % — the most powerful number to measure business success.
    • CEO Performance AnalysisBenchmark your performance as a private-company CEO against others in your industry.
  • Resource Center
  • Blog
  • Login
  • SUBSCRIBE

Why is there Rounding on Monthly Data?

Rounding on the Income Statement (Monthly Data screen) will appear when the movement in Retained Earnings on the Balance Sheet from one month to the next, does not match the change in Retained Earnings at the bottom of the Income Statement.  The difference is shown as Rounding, to make the two figures match.

This will occur if:

  1. There has been an adjustment to retained earnings on the Balance Sheet without the entry passing through the Income Statement. There is nothing to fix in this situation.
  2. The RTC Prior Period Adjustments tool has been used to adjust prior month’s depreciation or inventory (the next month that is loaded after the adjustment will show a rounding figure). There is nothing to fix in this situation.
  3. There has been an adjustment made to a prior period in the accounting system, and the data has not been updated in RTC (e.g. end of year adjustments made to prior months). If this is the case, please Email Support for assistance.
  4. You have accidentally loaded the wrong month’s CSV file(s).  In this case, the change in retained earnings in the Balance Sheet will not match the change in retained earnings on the Income Statement, so a rounding amount will be calculated. Reload the correct month’s data: How to reload Data or How to reload more than one month of Data


RealTime CEO
Company
  • About
  • Blog
  • Terms of Use
  • Privacy Policy
Contact Us
  • Support
  • Management Consulting
  • Keynote Addresses
Economic Updates
  • Sign up to receive our economic update
    Learn More

© 2023. RealTime CEO. All Rights Reserved