VAT Rounding Type Field, General Ledger Setup Table
Specifies how the program will round VAT when calculated for the local currency. To see the available options, choose the field.
| Option | Description |
|---|---|
Nearest |
The program will round up digits that are >=0.5. Otherwise, the program will round down. |
Up |
The program will round the amount up. |
Down |
The program will round the amount down. |
The program always starts calculating the VAT Amount from the VAT Base Amount (or Amount Excluding VAT).
When you enter an Amount Including VAT in a document (journal line, sales document, purchases document), the system first calculates and rounds the Amount Excluding VAT, and then calculates by subtraction the VAT Amount because the total amount has to match the Amount Including VAT entered manually. In that case, the VAT Rounding Type does not apply as the Amount Excluding VAT is already rounded using the Amount Rounding Precision.
When you enter an Amount Excluding VAT in a document (sales document, purchases document), the system first calculates the VAT Amount and then calculates the Amount Including VAT by addition. In that case, the VAT Rounding Type applies.
Tip
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Parent Tables
| Table | Location |
|---|---|
| Global Dimension 2 Code Field, General Ledger Setup Table | General Ledger |
| Global Dimension 2 Code Field, General Ledger Setup Table | General Ledger |
| General Ledger Setup Table | General Ledger |
| Global Dimension 2 Code Field, General Ledger Setup Table | General Ledger |
| General Ledger Setup Table | General Ledger |
| Global Dimension 2 Code Field, General Ledger Setup Table | General Ledger |