Dear Manager.io Support Team,
We are currently using Manager.io for our accounting and VAT reporting in the UAE, and we have encountered a recurring discrepancy related to VAT calculation.
Specifically:
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Manager.io calculates VAT at the transaction/line level, applying rounding per line.
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The UAE Federal Tax Authority (FTA), however, calculates VAT based on the total aggregated amount, applying rounding at the final total level.
This results in small but consistent differences (e.g., AED 0.01) between the VAT reported in Manager.io (Tax Summary) and the figures expected by the FTA return.
Example:
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Net Purchases: AED 6,087.48
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VAT (Manager): AED 304.38
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VAT (FTA expected): AED 304.37
Current workaround:
We are currently resolving this by posting manual Journal Entries for rounding adjustments at the end of each VAT period.
Our question:
Is there any existing or planned feature that would allow:
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Configuring VAT rounding at the total level instead of per transaction, or
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Adjusting rounding precision or behavior to align with FTA requirements?
Such a feature would help ensure full alignment between system-generated reports and statutory VAT returns without requiring manual adjustments.
We appreciate your guidance and any recommendations you may have.