Invoice Rounding

prashanti
prashanti Member Posts: 96
edited 2010-02-06 in NAV/Navision Classic Client
Hi Experts!!

When I try to generate the invoice from the sales order. How do I round off the value of the invoice.
My basic amount is 3500/- its calculating service tax based on the 12.36% i.e. 12% service tax 2% for Edu cess tax and 1% for SHE cess tax. So its showing me the total customer value as 3932.60 i.e. 3932/-. But i want the invoice value to show as 3933/- how to manually change it.

In my general ledger setup also my invoice rounding precision setup is 1.00 and nearest option.

Please somebody can help me out solving these issue.

Regards
Prashanti

Comments

  • manisharma31
    manisharma31 Member Posts: 285
    Hi there
    You need to place a check mark in invoice rounding in sales & Receivable setup and define the invoice rounding account in customer posting group also.
    This should take care of your problem.
    Same setup you can define for vendor also.
    Regards,
    Manish
  • vijay_g
    vijay_g Member Posts: 884
    check inv. rounding precesion and inv. rounding type which should be 1 and nearest.
    also check true on invoice rounding in sales & receivable setup.
  • kriki
    kriki Member, Moderator Posts: 9,132
    [Topic moved from 'NAV 2009' forum to 'NAV/Navision' forum]
    Regards,Alain Krikilion
    No PM,please use the forum. || May the <SOLVED>-attribute be in your title!

  • ssingla
    ssingla Member Posts: 2,973
    How about "Service Tax Rounding Precision" on the General Ledger Setup.
    CA Sandeep Singla
    http://ssdynamics.co.in
  • prashanti
    prashanti Member Posts: 96
    That all setup and checking true everything I have done. But when i receive the payment i want to post the Bank receipt voucher entry with the invoice amount 3933/- and i receive the same. But in my case its showing 3932/- as the invoice amount when i try to apply the same with the received amount and post it. Its showing the 1/- amount pending to be applied for the particular customer. How to solve this.
  • ssingla
    ssingla Member Posts: 2,973
    Bank receipt voucher entry is applied with the Cust. Ledger Entry. What is the amount in the Cust. Ledger Entry ? Is the amount different from "amount to customer".
    CA Sandeep Singla
    http://ssdynamics.co.in
  • ssingla
    ssingla Member Posts: 2,973
    I tried to replicate your scenarion and has observered that system is working correctly.
    Base Amount : 3500
    Service Tax : 420
    E-Cess : 8.40 (Rounded to 8.00)
    She-Cess : 4.20 (Rounded to 4)
    Total : 432.60 (Rounded to 432).

    System rounds the indivisual component (Service Tax, Ecess, SheCess).
    CA Sandeep Singla
    http://ssdynamics.co.in

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