Weird!??! Why do invoices for 100.00 + 17.5% VAT = 118.00 ?

boywonder

As the subject says I cannot figure out why I am getting a problem on both Sales and Purchase Invoice creation of an invoice for 100.00 + 17.% VAT gives £18.00 for the VAT making a total for 118.00 instead of 117.50.

It is a rounding problem because creating an invoice for 1000.00 is fine - the total is 1175.00 as expected. Therefore, I conclude that NAV isn't letting me have any VAT pennies.

(This is only happening in the new company in the database - the CRONUS company works fine)

So is there a setup somewhere that I'm missing :?

Savatage

Better question is where have you already looked 8)

Did you see the Vat setup & rounding Precision in general ledger setup?

looks like it's set to 1 instead of .01

boywonder

wow that was a fast reply :shock:

you know when you post a question and then think (DOH!). Yes it was the rounding precisions in GL setup.

had to write a report to change them as there were postings (not a problem though as these were from another system where the precision was set correctly!)

thanks anyway

Savatage

No Prob 8)

Tazzy1972

all in the space of 12 minutes