Microsoft Excel: Correcting an MROUNDing error

By J. Carlton Collins, CPA

In the July 2018 item "Microsoft Office: Rounding Time in Excel," this column stated that "the MROUND function always rounds up, away from zero." It should have stated that "the MROUND function always rounds up, away from zero, when the number is greater than or equal to half the value of the multiple." For example, assuming a multiple of 6, the MROUND function will round the numbers 1, 2, 3, 4, 5, and 6 to 0, 0, 6, 6, 6, and 6 (values that are all multiples of 6). The numbers 1 and 2 are rounded down because they are lower than half the value of 6, which, of course, is 3. Thanks to Mark Huff, CPA, for bringing this to our attention.   

techqa-10

About the author

J. Carlton Collins (carlton@asaresearch.com) is a technology consultant, a conference presenter, and a JofA contributing editor.

Submit a question

Do you have technology questions for this column? Or, after reading an answer, do you have a better solution? Send them to jofatech@aicpa.org. We regret being unable to individually answer all submitted questions.

FEATURE

Maximizing the higher education tax credits

A counterintuitive strategy can save taxes by including otherwise excludable scholarships in gross income.

SPONSORED REPORT

Solving the lease accounting challenge

The challenges of the new lease accounting standard have been pervasive to say the least. In this free, independently-written report, you'll learn effective adoption strategies as well as resources for easing the transition to the new standard.