Forum Discussion

Swampy-66's avatar
Swampy-66
Experienced Cover User
21 days ago

Invoiced GST is rounded higher than MYOB

I create a daily postage run from Australian Post. Their invoice is rounding up. Myob calculation rounds down and every invoice is overpaid in GST. What's the best wait to handle this rounding chal...
gst rounding
  • Genreve_S's avatar
    Genreve_S
    11 days ago

    Hi Swampy-66,

     

    I get your need to clarify if the tax can be adjusted that way. Indeed, you can edit it as shown in your screenshot. 


    If you need any further help, feel free to let us know.

     

    Thanks,
    Genreve

Doreen_P's avatar
Doreen_P
MYOB Moderator

Hi there Swampy-66,

 

You can check the invoice that was issued to verify the GST calculation. MYOB AccountRight calculates GST correctly, and I was able to replicate the issue you're experiencing. The GST amount on the spend money transaction is accurate. To handle the rounding challenge, you can manually adjust the unit price by a small amount (e.g., $0.001) to ensure the final line total doesn't end in a value that causes rounding discrepancies.

 

Best regards,

Doreen

Swampy-66's avatar
Swampy-66
Experienced Cover User
13 days ago

Doreen, can i make the adjustment by click on the arrow near the tax and changing the TAX value to the correct amount? ie change the 8.11 to 8.14

 

  • Genreve_S's avatar
    Genreve_S
    MYOB Moderator
    11 days ago

    Hi Swampy-66,

     

    I get your need to clarify if the tax can be adjusted that way. Indeed, you can edit it as shown in your screenshot. 


    If you need any further help, feel free to let us know.

     

    Thanks,
    Genreve