I see from previous support topics that this is a common issue. My question is that while QF uses Midpoint Rounding (away from zero) and you also round the line totals before summing, rather than summing then rounding, I have an invoice for £39.99 in total which the supplier (NCP) has broken down to cost £33.33 and VAT at £6.66. QF rounds the total cost to £40.00 so how do I reconcile that with my bank statement of £39.99?
Please note that I have to invoice my customer @£39.99 as that is what is shown on the NCP invoice.
You can (and should) override the calculated VAT amount on the QuickFile purchase record to match the supplier’s invoice.
This topic was automatically closed after 7 days. New replies are no longer allowed.