How to Write Off Pennies in Your Vehicle Stock Nominal Code

Pennies may accumulate due to VAT rounding differences, and while they typically aren't a cause for concern, it may be necessary to write them off.

The simplest way to do this is by posting a nominal journal entry. Typically, you would:

1. Code the journal entry to the relevant stock account.
2. Make the opposite entry to 0.0.40.7 (Write Off).

This method ensures that the minor discrepancies are accurately accounted for in your records.