Re: [SL] Carrect VAT amount

[R P. <arc...@mt...>]

Paul.. that is brilliant !

Thanks for the reply.

Cheers,
Roy P

On Monday 30 October 2006 4:24 pm, Paul Langard wrote:
> 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