I am baffled by this behavior of BC rounding up the VAT Amount.
My BC has Local Currency setup as USD and VAT Rounding Type set to as Nearest;
Here is my currency setup for AED;
When I create a PO in AED with Total Value without VAT as 50, with 5% VAT 52.50;
The VAT Prod. Posting V1 with VAT Bus. Posting is configured to be 5%
But when I do preview posting to check the ledger values of this document;
I get VAT as 0.69. Which is not correct.
If my base amount is 50, then 50 * 0.05 is 2.5 which is correct VAT. Now if we do 2.5/3.6725 it is 0.6807. So why is or how is BC rounding it up I can't figure out and its been 4 days now.
I am really grateful if someone here can point it out from me.