[GNC] Rounding & formulas
David Cousens
davidcousens at bigpond.com
Tue Dec 22 02:35:27 EST 2020
Thomas
Another perspective on this is that in practice what rounding procedure a
bank or other external body may apply may depend on any legislative
requirements (usually by taxation bodies) and their internal accounting
policies and these are not under GnuCash's control and may also vary between
different legal jurisdictions.
It is impossible for GnuCash to know apriori how a particular amount will
be rounded and appear in external statements (hopefully someone is not
skimming off the fractions of cents from the rounding) against which the
GnuCash records will ultimately be reconciled, so no matter what rounding
procedure was used by GnuCash in any internal calculations, it can end up
being wrong because the bank chooses to or is required to round in a
different manner.
David Cousens
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David Cousens
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