Rounding - Revision history

Dene at 23:59, 8 May 2011

2011-05-08T23:59:49Z

Eliza at 01:31, 3 March 2011

2011-03-03T01:31:07Z

Eliza at 01:29, 3 March 2011

2011-03-03T01:29:21Z

Admin at 05:13, 21 January 2011

2011-01-21T05:13:56Z

Admin: Created page with " More Detail= Access Levels Customising Lists Customising Main Menu [[Date Range|..."

2011-01-19T05:08:04Z

Created page with "<menu name=myMenu align=center> More Detail= Access Levels Customising Lists Customising Main Menu [[Date Range|..."

New page

@@ Line 1: / Line 1: @@
-<menu name=myMenu align=center>
+<menu name="myMenu" align="center">
 More Detail=
-[[Account]]
+[[Access Levels|Access Levels]]
-[[Accounting Concepts]]
+[[Customising Lists|Customising Lists]]
-[[Account Types]]
+[[Customising Main Menu|Customising Main Menu]]
-[[Accounts List]]
+[[Date Range|Date Range]]
-[[Accounts Reports]]
+[[Discounts & Pricing|Discounts and Pricing]]
-[[Balance Sheet]]
+[[Export Data|Export Data]]
-[[BAS Report]]
+[[Filtering Lists|Filtering Lists]]
-[[BAS Report List]]
+[[Importing Data|Importing Data]]
-[[Cash Flow Forecast]]
+[[Lost Connection|Lost Connection]]
-[[Cash Flow Statement]]
+[[Messages|Messages]]
-[[Dashboard]]
+[[Merge|Merge]]
-[[Journal Entry]]
+[[Remote Access|Remote Access]]
-[[Journal Entry List]]
+[[Rounding|Rounding]]
-[[Profit and Loss]]
+[[Searching f5 f6 f7|Searching f5 f6 f7]]
-[[Retained Earnings]]
+[[Server Connection|Server Connection]]
-[[Summary Sheet]]
+[[Status and Type|Status and Type Screens]]
-[[Transaction Journal]]
+[[Units of Measure|Units of Measure]]
-[[Trial Balance]]
+[[Updating]]
 </menu>
 == '''Overview'''  ==
@@ Line 41: / Line 41: @@
 x $0.05 = $150.10
 x $0.05 = $14.55
 '''Total = $164.65'''
+<br> 3, Using the line point total rounding method where the line total is rounded you get
 , Using the line point total rounding method where the line total is rounded you get
 x $0.05454 = $163.72
 x $0.05454 = $15.87
 '''Total = $179.59'''
+<br>
 , Using the total point rounding method where all the lines are combined before rounding you get
 x $0.05454 = $163.72908
 x $0.05454 = $15.87114
@@ Line 64: / Line 63: @@
 '''Total = $179.60'''
+<br> Add to this that the tax component can also be rounded at each of the points, the levels of complexity grow with each point.
 Add to this that the tax component can also be rounded at each of the points, the levels of complexity grow with each point.
 ERP uses the Total point method so that the most accurate costing and pricing values are used at any level. This method is accepted around the world, by all tax agencies as the end result or the total of the transaction, including the tax calculation is rounded to 2 decimal places.

@@ Line 21: / Line 21: @@
 </menu>
-== '''Overview''' ==
+== '''Overview'''  ==
-Rounding is a transactional based concept that can be done in a number of ways. This can effect not only quantities
+Rounding is a transactional based concept that can be done in a number of ways. This can effect not only quantities of product but also unit values, tax and total values.
 of product but also unit values, tax and total values.
 Currency rounding can be done at a quantity point, at a line point, at a line point total or at a total point.
-Tax can also be rounded at different points and that is at unit price before calculation, at unit price calculation or at total
+Tax can also be rounded at different points and that is at unit price before calculation, at unit price calculation or at total line calculation.
 line calculation.
 The most accurate method is to use the Total point.
 For example.
-	You buy bolts at $54.54 ex tax per 1000 or $0.05454 ex each bolt. You want to buy 3002 bolts for one job and
+You buy bolts at $54.54 ex tax per 1000 or $0.05454 ex each bolt. You want to buy 3002 bolts for one job and 291 for another job
-for another job
-, Using the quantity method for rounding your transaction you would alter the quatity to 3000 and 290
+, Using the quantity method for rounding your transaction you would alter the quatity to 3000 and 290 '''Out come will be 3 units short.'''
-	'''Out come will be 3 units short.'''
 , Using the line point rounding method you alter the price from $0.05454 to $0.05 so
-x $0.05 = $150.10
-x $0.05 = $14.55
-	Total = $164.65
-, Using the line point total rounding method where the line total is rounded you get
+x $0.05 = $150.10
-x $0.05454 = $163.72
-x $0.05454 = $15.87
-	'''Total = $179.59'''
-, Using the total point rounding method where all the lines are combined before rounding you get
+x $0.05 = $14.55
-x $0.05454 = $163.72908
-x $0.05454 = $15.87114
-	'''Total = $179.60'''
-Add to this that the tax component can also be rounded at each of the points, the levels of complexity grow
+'''Total = $164.65'''
-with each point.
 ERP uses the Total point method so that the most accurate costing and pricing values are used at any level. This
-method is accepted around the world, by all tax agencies as the end result or the total of the transaction, including the
+, Using the line point total rounding method where the line total is rounded you get
 tax calculation is rounded to 2 decimal places.

← Older revision		Revision as of 01:29, 3 March 2011
Line 22:		Line 22:

	== '''Overview''' ==		== '''Overview''' ==
		+
		+	Rounding is a transactional based concept that can be done in a number of ways. This can effect not only quantities
		+	of product but also unit values, tax and total values.
		+
		+	Currency rounding can be done at a quantity point, at a line point, at a line point total or at a total point.
		+
		+	Tax can also be rounded at different points and that is at unit price before calculation, at unit price calculation or at total
		+	line calculation.
		+
		+	The most accurate method is to use the Total point.
		+
		+	For example.
		+
		+	You buy bolts at $54.54 ex tax per 1000 or $0.05454 ex each bolt. You want to buy 3002 bolts for one job and
		+	291 for another job
		+
		+	1, Using the quantity method for rounding your transaction you would alter the quatity to 3000 and 290
		+	'''Out come will be 3 units short.'''
		+
		+	2, Using the line point rounding method you alter the price from $0.05454 to $0.05 so
		+	3002 x $0.05 = $150.10
		+	291 x $0.05 = $14.55
		+	Total = $164.65
		+
		+	3, Using the line point total rounding method where the line total is rounded you get
		+	3002 x $0.05454 = $163.72
		+	291 x $0.05454 = $15.87
		+	'''Total = $179.59'''
		+
		+	4, Using the total point rounding method where all the lines are combined before rounding you get
		+	3002 x $0.05454 = $163.72908
		+	291 x $0.05454 = $15.87114
		+	'''Total = $179.60'''
		+
		+	Add to this that the tax component can also be rounded at each of the points, the levels of complexity grow
		+	with each point.
		+
		+	ERP uses the Total point method so that the most accurate costing and pricing values are used at any level. This
		+	method is accepted around the world, by all tax agencies as the end result or the total of the transaction, including the
		+	tax calculation is rounded to 2 decimal places.