Re: Setting up Limited company


"Bryan Morris" <accounts@xxxxxxxxxxxxxxxxxx> wrote in message
news:lW4aNwA0dzsHFwS7@xxxxxxxxxxxxxxxxxxxxx

To make an issue that rounding may make accounts 49 pence out and
therefore not "true and fair" is laughable.

Presentation of accounts which don't appear to add up would for most
people look sloppy work.


I'm a mathematican not an accountant. It doesn't look sloppy to me.

In fact it is the way I have always done my accounts. No one ever
complained.

It was only last year when I used the Companies House online software that I
was faced with having to frig my accounts to get them to add up. As you say
a pointless waste of time over a pound. But the programmer decided to put
some validation check on so we all have to fit in.

I always like the way the americans describe the problem - "Columns may not
add to totals
due to centsless accounting."



.

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