Hello all ,
Here in the UAE one of my customers noticed that VAT of 5 % is rounding higher , where as when done manually from the calculator the correct vat amount is calculated
Sub-total
AED 2,205.39
DXB VAT 5%
AED 110.28
Total
AED 2,315.67
correct amount should be 2,315.65
How can I correct this on the system to properly show the right amount for the customer ?
many thanks all
the tax is calculated individually for all line items and not on the sub-total. therefore, the difference in rounding.
this is the correct accounting practice adopted by most accounting softwares including Manager.
thanks for your reply , is there a way to make adjustments or to fix it to how my customer wants it ?
you can add a line with the difference amount of -0.02 although you may not want to fix what is already correct.
sounds like a solution thank you
@George_Flo, please do not double-post questions. I am closing this topic.