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VAT rounding up problem

edited Dec 6, 2019 2:08PM in General 3 comments

Am I correct in thinking that NetSuite rounds up it's VAT calculations?

For example - I have an item i purchase from my wholesaler at £3.37

The VAT calculation @ 17.5% is  £0.589.  NetSuite rounds this up to £0.59, whereas the convention is usually to round the figure down to £0.58.

When you are ordering these items in 100's the difference adds up.

The effect of this is that when I receive my purchase order the total is always different from that which NetSuite is expecting, and I have to go back and alter each item accordingly.

Is there a switch somewhere in NetSuite where I can say, round down these calculations?  Or is it just a fault?

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