davsky
Member
Dear All,
I am having a problem with the VAT computation. The
item unit price in JDE is 4 decimal places. However,
the VAT invoice issued by the government computes the
VAT using an item unit price of 6 decimal places.
After computation, the government VAT invoice amount
is rounded up to 2 decimal places. This results in a
discrepancy between the JDE computed VAT and the
government computed VAT when the item quantities are
large.
How can I reconcile this difference so that the GL
entry value for VAT is the same as the stipulated
Government VAT?
Thanks.
Regards.
David Yeoh - Seagram
=====
David Yeoh
Email:[email protected]
__________________________________________________
Do You Yahoo!?
Yahoo! Auctions - Buy the things you want at great prices.
http://auctions.yahoo.com/
I am having a problem with the VAT computation. The
item unit price in JDE is 4 decimal places. However,
the VAT invoice issued by the government computes the
VAT using an item unit price of 6 decimal places.
After computation, the government VAT invoice amount
is rounded up to 2 decimal places. This results in a
discrepancy between the JDE computed VAT and the
government computed VAT when the item quantities are
large.
How can I reconcile this difference so that the GL
entry value for VAT is the same as the stipulated
Government VAT?
Thanks.
Regards.
David Yeoh - Seagram
=====
David Yeoh
Email:[email protected]
__________________________________________________
Do You Yahoo!?
Yahoo! Auctions - Buy the things you want at great prices.
http://auctions.yahoo.com/