VAT Rounding

nostran

Hi there,

I need to get the VAT rounded to the nearest 1.00. I have set the field "VAT Rounding Type" to UP on the general ledger setup. I have set the VAT difference to 1.00 and activated "allow vat difference" on the sales & receivable setup.

When processing a sales invoice for an amount of 310 with a vat rate of 10%. It is calculating the vat as 3.1 whereas I want it to be 4.

any idea? [-o<

Sumit

Please try, In General Ledger Set up/Tax Information Tab,Set vat Rounding Precision as 1 & Rounding type Up.
But, rounding Precision to 1 is not advisable.