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Finance | Project Operations, Human Resources, ...
Suggested Answer

Inaccurate Sales Tax Calculation

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Posted on by 2

Hi All,

I have mentioned invoice amount as 100 USD and VAT is 5% exclusive. However system calculation is not accurate and giving result as 5.01 instead of 5.00.

What can be the reason?

  • Suggested answer
    saurabh bharti Profile Picture
    15,059 Moderator on at

    Can you share screenshots ? what is the base amount and calculated value?

    Also just check the sales tax code setup > Calculation method and rounding setup

    GL > Parameters > sales tax > calculation method

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