Re: [SL] Carrect VAT amount

[Paul L. <pj...@in...>]

WIth regard to adjusting VAT rounding differences on AP invoices, we  
found this works well to adjust the tax:

- set up a service "VATable rounding" which is taxable (price 0.01)
- set up another service "NON VATable service" which is non taxable  
(price 0.01)

You can then combine different quantities of these services, positive  
and negative, to adjust your tax without affecting the net total.

For example, to increase tax, add a positive quantity of VATable  
rounding service and then add an equal negative quantity of NON  
VATable rounding - this leaves your net total unchanged but increases  
the amount of tax.

We have been using this for a few years now and whilst we end up with  
two extra lines on the occasional AP invoice, we find it works really  
neatly and our ledger then balances to our suppliers without having  
to write amounts off or back etc.

Does that sound useful?

Paul.

On 30 Oct 2006, at 21:13, R Pennington wrote:

> Not a bad idea Olle.
> That should help a few people.
>
> But, the problem is, that method adjusts the subtotal...not the TAX.
> I need a way to adjust the tax....not the subtotal.
>
>
> Cheers !
> Roy