Do I adjust the system so that the total reconciles with my bank statement?

HI
just started using your service, impressed so far.
Question:
When I enter a bill that has been paid your vat calculation is slightly different (few cents) to that of the supplier. I understand the calculation difference but how do I adjust the system so that the total reconciles with my bank statement?
Do I have to go to 3 or 4 places of decimal?

1 answer

Peter Connor Staff February 18, 2014
Public

Glad to hear you like it so far!
We’ll be introducing something that makes the vat rounding differences easier to deal with in the future, but for now you would add an extra line to the bill with a 0% VAT rate and a value of -0.01 so that the total of the bill is equal to what the bill is.

#answer-28

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