Re: VAT calculation rounding error

[kevin b. <kev...@bi...>]

hi roy,

i could be right off the mark but...

my calculator gives me an answer of 16.625 - which in normal maths gets 
rounded to 16.63

but in financial maths is it not the case that sometimes numbers ending 
in '5' are rounded down and other times are rounded up.

something to do with a number being odd/even or something...

i think this is done because if '5' is always rounded up then totoals 
tend to drift upwards with huge amounts,

HTH,

kev bailey

Roy Smith wrote:
> Hi folks
> 
>  
> 
> Please could anybody help with this one...
> 
>  
> 
> I have a Purchase invoice for £95.00 plus £16.63 of VAT at 17.5%.
> 
> When SQL-Ledger calculates the VAT it comes to £16.62.
> 
>  
> 
> What is the best way to force the correct VAT amount into the Purchase 
> Invoice ?
> 
>  
> 
> best regards
> 
> Roy
> 
>  
>