Howdy, Stranger!
Categories
- All Categories
- 73 General
- 73 Announcements
- 66.5K Microsoft Dynamics NAV
- 18.5K NAV Three Tier
- 38.4K NAV/Navision Classic Client
- 3.6K Navision Attain
- 2.4K Navision Financials
- 115 Navision DOS
- 854 Navision e-Commerce
- 1K NAV Tips & Tricks
- 772 NAV Dutch speaking only
- 615 NAV Courses, Exams & Certification
- 2K Microsoft Dynamics-Other
- 1.5K Dynamics AX
- 264 Dynamics CRM
- 109 Dynamics GP
- 10 Dynamics SL
- 1.5K Other
- 992 SQL General
- 385 SQL Performance
- 33 SQL Tips & Tricks
- 34 Design Patterns (General & Best Practices)
- Architectural Patterns
- 10 Design Patterns
- 5 Implementation Patterns
- 53 3rd Party Products, Services & Events
- 1.7K General
- 1.1K General Chat
- 1.6K Website
- 79 Testing
- 1.2K Download section
- 23 How Tos section
- 259 Feedback
- 12 NAV TechDays 2013 Sessions
- 13 NAV TechDays 2012 Sessions
Options
Rounding issues on purchases
dabba23
Member Posts: 77
Hi,
I have a purchase invoice where the Total Amount should be 81,50 euro. However, it shows 81,51 euro.
Local currency is Euro.
The General Ledger Setup is:
Inv. Rounding Precision (LCY): 0.01
Amount Rounding Precision: 0.01
VAT Rounding Type: Nearest
Is there anywhere where you can setup rounding on VAT?
I have a purchase invoice where the Total Amount should be 81,50 euro. However, it shows 81,51 euro.
Local currency is Euro.
The General Ledger Setup is:
Inv. Rounding Precision (LCY): 0.01
Amount Rounding Precision: 0.01
VAT Rounding Type: Nearest
Is there anywhere where you can setup rounding on VAT?
0
Best Answer
-
Options
muca
Member Posts: 42
From math point of view there everything is OK
As I understand on this invoice You have 21% VAT
67.36*21%=14.1456 or Rounded value 14.15
If You want 14.14 VAT amount then You can setup on Purchases Payables Setup cehckmark "Allow VAT Difference"
On Purchase invoice use Statistics window, Activate Column "VAT Difference" and type VAT Amount correction
5
Answers
As I understand on this invoice You have 21% VAT
67.36*21%=14.1456 or Rounded value 14.15
If You want 14.14 VAT amount then You can setup on Purchases Payables Setup cehckmark "Allow VAT Difference"
On Purchase invoice use Statistics window, Activate Column "VAT Difference" and type VAT Amount correction