Tax calculation differences

[Maf. King]

On Mon 14 July 14 19:54:15 Kurt Roeckx wrote:
> Hi,
> 
> I've set up tax tables, I've entered all lines from the invoice
> and marked which table it should use.
> 
> However, there is a difference in calculation of the tax that
> results in a difference of 0.02 EUR.
> 
> As I understand it there are in Belgium 2 ways to round the
> calculated tax:
> - Add all lines (with the same tax rate), and calculate the
>   tax based on this.
> - Calculate the tax per line and then just add all the lines.
> 
> Those 2 method can result in small changes in the calculated
> value.  I think that gnucash is using the 2nd method while the
> invoice I received is using the first.
> 
> Anyway, it's not important why it's different.  But gnucash now
> seems to think I have to pay 0.02 EUR more than the invoice I've
> received and I'm not sure how to deal with this.  Is there a way
> I can just add the tax to the bill instead?
> 
> It's currently not very important for me since I don't actually
> have to declare the taxes.
> 
> 
> Kurt

Hi Kurt,

I see that behaviour sometimes for my VAT calculation here in the UK.

I just add a line to the invoice in GC called "VAT Rounding" and use the VAT 
account as the destination.  it is only ever plus or minus a penny or 2.

HTH,
Maf.