Question

Discrepancy from bank rules of 1 cent

  • 21 November 2022
  • 4 replies
  • 139 views
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I have set up bank rules for a range of different transactions. When processing these transactions, I always get a 1 cent variance due to the tax calculation. 

Is there a way to automatically apply a rounding account? 

4 replies

Kandy Beatty
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HI @finnconnelly 

Are you using a 3rd party tax service such as Avalara or Vertex?

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Hi  @kbeatty21 thanks for your reply no we are not using any 3rd party integrations.

Chris Hackett
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Hi @finnconnelly were you able to find a solution? Thank you!

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Hi @Chris Hackett, unfornuently not. I reached out to a software consultant and they stated:

Unfortunately this is due to the number of decimal places in the calculated GST amount and I don’t believe this is something we can overcome in the bank rules as we can’t specify tax inclusive level on the document created.

Hopefully this is something that not only I have run into and there is a solution that someone has worked out!

 

Thanks

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