Overview
In Weighsoft, VAT is calculated on a line-by-line basis to a configurable number of decimal places. The total VAT is then derived by summing these line amounts and rounding the result to two decimal places. The rounding follows a specific rule: if the third decimal is less than 5 (i.e., x.xx5), it rounds down.
This article outlines the steps to amend the number of decimal places used in line VAT calculations.
Steps to Amend VAT Decimal Places
Navigate to Settings:
Hover over the Administration menu.
Click on Settings.
Access Finance Settings:
Select the Finance tab.
Modify Invoicing Configuration:
Click on Invoicing.
Scroll down to the Other section.
Update VAT Decimal Places:
Locate the field labeled Decimal places Against VAT.
Enter the desired number of decimal places.
Save Changes:
Click Save to apply the new configuration.
Note: This setting affects how VAT is calculated per line item, which may influence the total VAT shown on invoices.