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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

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