rounding errors in tax calculation
Maf. King
maf at chilwell.net
Tue Mar 8 12:03:34 EST 2005
On Tuesday 08 Mar 2005 16:36, Derek Atkins wrote:
> We probably need a configuration to decide whether to round up or
> round down. In either case, this should definitely be consistent. I
> presume you mean that the invoice window, transaction amount, and
> printed invoice don't all show the same values? Which copy shows
> which version?
>
> -derek
As far as I can tell, GC is internally consistent, ie a tax value of £0.545
seems always to be rounded down to £0.54, from wherever it is viewed.
However, in the UK at least, that should be rounded up to £0.55
I have lots of "VAT rounding" splits of 0.001 in my A/P register to make GC
agree with the bits of paper from my vendors... (and a few in my A/R too, but
that is partly because my invoices are generated outside GC)
Maf.
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