VAT Rounding Precision Field, General Ledger Setup Table

This field specifies the size of the interval to be used when rounding VAT amounts in local currency. You can also specify Service Tax rounding for each currency in the Currency table. For example:

1.00 Round to whole numbers (no decimals - divisible by 1.00)

0.05 Round to a number divisible by 0.05

0.01 No rounding (ordinary currency decimals)

Tip

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Parent Tables

Table Location
General Ledger Setup Table Service Tax
General Ledger Setup Table General Ledger
General Ledger Setup Table Germany Local Functionality
General Ledger Setup Table General Ledger
General Ledger Setup Table General Ledger
General Ledger Setup Table General Ledger