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GST rounding in an Item invoice

MicheleV
1 Post
User
Australia
MicheleV

1Posts

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GST rounding in an Item invoice

I have just moved from MYOB account right which included GST - MYOB Essentials doesn't include GST put the pre-GST doesn't round off to the correct number. Ie one of my products is $49 gst inclusive and I can only get it to be listed as an item number as $48.99 or $49.01 - I have tried everything to fix this.  This is unacceptable for an accounting system and makes me look unprofessional.  Can't believe this can't be fixed!  I'm looking at other accounting systems as I can't use MYOB essentials if this isn't fixed.  Causing huge problems for me and my business.

 

2 REPLIES
Contributing Cover User Sie
7 Posts
Contributing Cover User
Australia
Sie
Contributing Cover User

7Posts

4Kudos

0Solutions

Re: GST rounding in an Item invoice

Hi @MicheleV

 

Unfortunately this is a problem, however, GST does dictate that GST needs to be 10% which is what the mathematical formula is based on.

However, to get around your issue, when you create an invoice, you can change the unit price to 44.545 (ex GST) and this will make it work.

 

See example below.

 

Cheers.

zzz.PNG

MYOB Moderator Hayden_B
2,894 Posts
MYOB Moderator
Australia
Hayden_B
MYOB Moderator

2894Posts

421Kudos

441Solutions

Re: GST rounding in an Item invoice

Hi @MicheleV & @Sie

 

I can completely understand the frustrations this is causing. I have reached out to our Teams here to investigate this cause and see if we have an update on this issue, once I have some information on this I shall update this thread as soon as possible.

 

I can see that @Sie has provided the workaround for this scenario for yourself and any other Users experiencing this.

 

I do apologise for the troubles here and I hope to have an update for you as soon as possible.

 

Cheers,
Hayden
MYOB Partner/Social Support

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