If the overpayment or underpayment is within the range of the penny difference specified in the Maximum penny differencefield, the penny difference amount will be posted on the penny difference account.

If the overpayment or underpayment is more than the range of the penny difference stated in the Maximum penny differencefield, the whole penny difference amount will be posted on the ledger account that is selected for the posting type Customer cash discountin the System accounts form.

Note
To calculate sales tax on overpayment or underpayment, select the Sales tax on overpayment or underpaymentcheck box on the Sales taxtab on the Parameters form.