I have an issue in only SOME (not all) instances in that on a supplier invoice I enter the NET amount and select the TAX CODE: 01 (16% VAT in Zambia) but the GROSS amount is 1 ngwee (cent) MORE than it should be. If I reduce the NET amount by 1 ngwee - I then end up with a gross amount 1 ngwee LESS than it should be.
I want it to reflect as:
Do I need to set up a rounding account? I see on >auto setup under >set up customer control account there is a "rounding" tab that allows you to choose
how to round,
rounding account and
to the nearest.
I know how to set up a rounding account in the GL - but is that the correct thing to do? Will it make my problem go away?
Alternatively it is to do with decimals? I know I can change it to 1 decimal point, 2 or 3 in the set up. I currently have it set at 2 - which is preferable. I don't really want to have just 1 decimal or 3.