Budget rounding rules

Note: Not applicable if you are using Infor Learning Management.

Rounding rules determine the rounding method and rounding precision used to calculate budgets and costs. You can select one rounding rule as the default for all budgets.

Rounding methods:


Method	Description	Example
Normal	This is the standard rounding method which rounds an amount to the higher value or the lower value based on whether the actual value is above or below the midpoint.	Given a Two Decimal Points precision: 2345.134 would be rounded to 2345.13 2345.136 would be rounded to 2345.14
High	Always rounds up to the higher value	Given a Two Decimal Points precision: Both 2345.134 and 2345.136 would be rounded to 2345.14
Low	Always rounds down to the lower value	Given a Two Decimal Points precision: Both 2345.134 and 2345.136 would be rounded to 2345.13

Precision

The precision indicates the number of decimals (if any) that display in budget amounts.


Precision	Description	Example
Currency Decimals	The budget amounts display as many decimals as the budget currency normally displays	For the US dollar or the EURO, the number of decimals would be 2. 23450.1236 would be rounded to 23450.12 (Normal or Low rounding method) or 23450.13 (High rounding method) 23450.6768 would be rounded to 23450.68 (Normal or High rounding method) or 23450.67 (Low rounding method)
Whole Number	The budget amounts do not display any decimals. Rounding is applied to the whole number	23450.1236 would be rounded to 23450 (Normal or Low rounding method) or 23451 (High rounding method) 23450.6768 would be rounded to 23451 (Normal or High rounding method) or 23450 (Low rounding method)
One Decimal Point	The budget amounts display one decimal	23450.1236 would be rounded to 23450.1 (Normal or Low rounding method) or 23450.2 (High rounding method) 23450.6768 would be rounded to 23450.7 (Normal or High rounding method) or 23450.6 (Low rounding method)
Two Decimal Points	The budget amounts display two decimals	23450.1236 would be rounded to 23450.12 (Normal or Low rounding method) or 23450.13 (High rounding method) 23450.6768 would be rounded to 23450.68 (Normal or High rounding method) or 23450.67 (Low rounding method)
Three Decimal Points	The budget amounts display three decimals	23450.1236 would be rounded to 23450.123 (Normal or Low rounding method) or 23450.134 (High rounding method) 23450.6768 would be rounded to 23450.677 (Normal or High rounding method) or 23450.676 (Low rounding method)