Hi everyone,
I am encountering a slight decimal discrepancy.
So here is my scenario:
^TotalNetSales - 58,118.85 this is our total netsales on our record
^NONVATSales - 3,432.41 this is our total nonvat sales on our record
^VATSales - formula: (TAX01 / 1.12)
TAX01 on our record is 54,686.43
^VATAmount formula: VATSales * .12
.12 is 12% our required percentage
Now, i have to add the total NONVat, VatSales & Vatamount, so all in all:
NON-VAT Sales = 3,432.41
VAT Sales = 48,827.17
VAT Amount = 5,859.26
TOTAL: 58,118.84
The total should be the same from our total net sales, as you can see, my total net sales is = 58,118.85 and my computed total of nonvat vatsales & vatamount is = 58,118.84.
I have tried rounding off on computing vatsales nor vatamount but still no luck.
I hope someone could really help me with this.
I am encountering a slight decimal discrepancy.
So here is my scenario:
^TotalNetSales - 58,118.85 this is our total netsales on our record
^NONVATSales - 3,432.41 this is our total nonvat sales on our record
^VATSales - formula: (TAX01 / 1.12)
TAX01 on our record is 54,686.43
Example: (54,686.43 / 1.12) = 48,827.17^VATAmount formula: VATSales * .12
Example: = 48,827.17 * .12 = 5,859.26.12 is 12% our required percentage
Now, i have to add the total NONVat, VatSales & Vatamount, so all in all:
NON-VAT Sales = 3,432.41
VAT Sales = 48,827.17
VAT Amount = 5,859.26
TOTAL: 58,118.84
The total should be the same from our total net sales, as you can see, my total net sales is = 58,118.85 and my computed total of nonvat vatsales & vatamount is = 58,118.84.
I have tried rounding off on computing vatsales nor vatamount but still no luck.
I hope someone could really help me with this.
