000285 : VAT rounding changes Gross Amount on Document
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| Created: |
02 Sep 2011 |
| Last Updated: |
02 Sep 2011 |
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Message
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Having successfully transferred a document from QuoteWerks to Sage with ConnectIt-Sage, the Gross Amount on the Sage Document has changed.
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Cause |
This is a known issue with the Sage SDO v18 (2012) which requires installation of a service pack to resolve. The following is a quote from the Sage website 2/9/2008 regarding the content of the SDO v18 service pack:
“We have identified a rounding issue with ISPPosting objects, which can manifest on transactions where NET and VAT values calculated from a Gross amount, are submitted via the Update method. For example:
Gross = £159.99
Net = £133.33
VAT = £26.66
The VAT amount in this transaction will be recalculated at £26.67, and the Gross value changed to £160.
This is an intentional change in the business logic of the Sage Data Objects (SDO). The VAT calculation is based on the same rules as Sage 50 Accounts 2012.”
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Resolution |
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Please contact Sage to receive the software update and get instructions on how to install it. As purchasers of Sage 50 Accounts 2012 and since this is a known problem with the Sage software, as we understand it all Sage 50 Accounts 2012 users are eligible to have access to download the update even though they might not have a Sage Cover support contract.
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