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Tax rounding issue
- Subject: Tax rounding issue
- From: John Locke <..hidden..>
- Date: Tue, 23 Jul 2013 13:58:20 -0700
Hi, all,
In my production 1.3.x books, I've got a few $0.01 transactions showing
up on the AR Aging report, as well as transactions. However, I cannot
close them out because they are actually a fraction of a cent.
These came from a sales tax calculation. Our sales tax rate here is
0.095 (9.5%), and when applied to my only taxable product, it ends up
coming out at $53.655 as the total for the invoice. However, when I
receive the payment, it rounds up to $53.66.
So I now have a bunch of transactions that show a balance of -$0.005
(but are rounded to $0.01 on most screens).
I just tried using Cash -> Receipt to close these out -- the
transactions in question don't even show up on the Cash -> Vouchers ->
Receipts screen. However, it rounded the receipt up to $0.01, so now
it's showing that it's out of balance +$0.01 instead of -$0.01.
How should I resolve these?
Cheers,
John Locke
http://www.freelock.com
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