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Wrong VAT calculation in decimals

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Posted on by kassab

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Hello,

i have encountered a real problem concediring the VAT tax calculation in the decimal numbers and as follows an example:

items with prices :

5562.83

8007.21

678.502

subtotal is correctly calculated:

14248.542

VAT 14%

should be :

1994.796

but the GP calculates 1994.798 which is wrong

i attached below the tax setup used by the transaction

FYI this is happening more often in the transactions, i don't know if this was happening before as we didn't look at the 3rd decimal till we integrated with the government tax authority which didn't accept the values.

Thanks and Regards,

Categories:

Microsoft Dynamics GP

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kassab 656 on at

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RE: Wrong VAT calculation in decimals

Hello Cheryl,

this option just cancels the last decimal and doesn't round up to the next decimal if its over 4.

unfortunately this option doesn't serve the client need.

Thanks.
Cheryl Waswick on at

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RE: Wrong VAT calculation in decimals

Hello Almed,

It sounds like you want the option for 'To the nearest currency decimal digit', not 'UP to the next currency decimal digit'. If you have a Test company, change this and key the same transaction and verify that is working how you want.
kassab 656 on at

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RE: Wrong VAT calculation in decimals

Hello RodRodriguez,

From my information the rounding up happens if the number is greater than 4

so for example if the number is 1.974 it will round up to 1.97

but if it is 5 and above like 1.976 it should round up to 1.98

try putting it on an excel sheet an do the rounding it will not round up as you calculated.

and if the Dynamics GP is rounding in the way mentioned then its unfortunately an issue.

Thanks and Regards,
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RodRodriguez on at

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RE: Wrong VAT calculation in decimals

Howdy Ahmed,

The calculation is NOT incorrect.

Looking at the details on the Tax, this is the important setting:

With that in mind, this is what is happening in the calculation:

5562.83 * .14 = 778.7962
Rounds to 778.797

8007.21 * .14 = 1121.0094
Rounds to 1121.010

678.502 * .14 = 94.99028
Rounds to 94.991

Sum of: 778.797 + 1121.010 +94.991 = 1994.798

So, for the "Round" setting you have, the calculation is correct.