GnuCash doesn't handle fractional cents properly with tax tables
R. Victor Klassen
rvklassen at gmail.com
Wed Mar 8 17:50:19 EST 2017
> Maybe stop right there. WHAT are the actual rules for your jurisdictions? There's always something new under the sun, but all jurisdictions that I have lived in so far did not actually charge a percentage for sales tax (perhaps with rounding for fractional cents). Instead they charged and amount AT LEAST that percentage with the state getting every fraction of a cent.
>
I don’t know where you found this behaviour. Here, in Ontario (Canada) we use correct rounding. We’re required to remit the percentage on total sales, so if we did the rounding up that you suggest, we’d wind up pocketing the small extra change at the end of the year. And possibly getting in trouble for it - although it would take a lot of transactions to add up to anything that mattered.
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