diff --git a/src/components/CreateProject/BulkAddPaymentModal.tsx b/src/components/CreateProject/BulkAddPaymentModal.tsx
index ff4594e..0d61bb6 100644
--- a/src/components/CreateProject/BulkAddPaymentModal.tsx
+++ b/src/components/CreateProject/BulkAddPaymentModal.tsx
@@ -96,6 +96,9 @@ const BulkAddPaymentModal: React.FC<Props> = ({
       description
     ) {
       const dividedAmount = truncateMoney(amountToDivide / numberOfEntries)!;
+      const amountForLastItem = truncateMoney(
+        amountToDivide - dividedAmount * (numberOfEntries - 1),
+      )!;
       return Array(numberOfEntries)
         .fill(undefined)
         .map((_, index) => {
@@ -109,7 +112,8 @@ const BulkAddPaymentModal: React.FC<Props> = ({
 
           return {
             id: getID(),
-            amount: dividedAmount,
+            amount:
+              index === numberOfEntries - 1 ? amountForLastItem : dividedAmount,
             description: replaceTemplateString(description, {
               "{index}": (index + 1).toString(),
               "{date}": date.format(OUTPUT_DATE_FORMAT),