Thank you for supporting the Cloud Customer Connect Community in 2024. It's a gift to work with you!

Look back
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Why multiperiod Accounting prorated calculation went wrong?

in Subledger Accounting & Accounting Hub 1 comment

Hi,

I'm using prorate by date basis method to recognize the monthly portion of the expense. My MPA start date is 01/06/2024 and end date is 31/05/2025. Amount I entered is 12,000 (VAT Inclusive). Based on my following calculation monthly portion should be 986.3013699. But system shows as 987.77. How is this amount derived?

My Calculation = 12,000/365 * 30

Please provide me how that amount 987.77 got calculated.

Thanks and Regards

Kithmal

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!