VAT is being rounded up wrongly

mysamza

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.

TrippyZ

I don't like how you have Inv. Rounding Precision (LCY) set to 0.00. Could you try it again with it set to 0.01?