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SuiteWorld October 6 - 9, 2025: Agenda Builder is live!
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Read on for the latest updates including:
• Agenda Builder launch
• SuiteWorld On Air registration
• New NetSuite Prompt Studio Contest
• And more!
Check out this thread to learn more!
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Don’t miss your chance to meet our SuiteGurus—NetSuite Support professionals and subject matter experts with extensive experience in select product areas, including OneWorld, Advanced & Basic Accounting, Supply Chain Management, Receivables & Payables, CRM, Account Administration, and the SuiteCloud Platform. Full Conference attendees can prebook exclusive 30-minute one-on-one sessions for your product questions.
Spots are limited! Register through your Agenda Builder and find SuiteGuru under Agenda Enhancements.
VAT rounding up problem
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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