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Tax not post

  • kda
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12 years 10 months ago #12374 by kda
Tax not post was created by kda
I have problem with tax rate of account it not post ex: 0.014 if amount is large it posted.
Please see below:

1 PERIOD.FIRST.DATE. 24 JUL 2012
2 PERIOD.LAST.DATE.. 31 JUL 2012
3. 1 CR.INT.DATE.... 24 JUL 2012
4. 1 CR.NO.OF.DAYS.. 8
5. 1 CR.VAL.BALANCE. 900.00
6. 1 CR.INT.RATE.... 0.50
7. 1 CR.INT.AMT..... 0.10
8 CR.INT.CATEG...... 50-000 Interest Expense1
9 CR.INT.TR.AC...... 381 Credit Interest
10 CR.INT.TR.PL...... 380 Credit Interest Paid P-L
20 TOTAL.INTEREST.... 0.10
23 GRAND.TOTAL....... 0.10
25 LIQUIDITY.CCY..... USD US Dollar
42 INT.POST.DATE..... 01 AUG 2012


==================

SEQUENCE.DATE..... 5 . 01 OCT 2007
1. 1 GB DESCRIPTION. tax
2. 1 GB SHORT.DESCR. tax
3 RATE.............. 14.00
4 CATEGORY.......... 12345
5 TR.CODE.DR........ 41
6 TR.CODE.CR........ 91
25 TAX.OPERAND....... MINUS
29 UNIQUE.SUFFIX..... Y


>> When calcuate its tax should be 0.014 but system not posted it
if tax is large it is posted
What is the problem pls help me.

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  • armin
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12 years 10 months ago #12376 by armin
Replied by armin on topic Tax not post
Have you checked ROUNDING.TYPE and/or BASE.ROUND.TYPE for currency USD ?

using R11 on Unix

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  • kda
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12 years 10 months ago #12378 by kda
Replied by kda on topic Tax not post
Hi armin,

I check in currency record of USD found only:
28 Min Round Type
29 Cash Round Type

set as 1 : Natural rounding
Could you please explain me more?

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12 years 10 months ago #12398 by armin
Replied by armin on topic Tax not post
Sorry, was offline for some days :(

The fields mentioned are in TAX (15 and 17) and can be set up by currency, but look like you dont use it (haven't had a close look to your first post, sorry).

The setting in CCY seems OK, natural rounding means mathematical rounding to MIN.ROUND.AMOUNT.

Have you checked if there is INTEREST.TAX.MIN defined in your GROUP.CREDIT.INT ?

Alternatively you can set ROUNDING.RULE in TAX to point to a alternative EB.ROUNDING.RULE. E.g. set up TAX.UP in EB.ROUNDING.RULE to use ROUND.TYPE = 3 and use it in your TAX definition.

using R11 on Unix

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12 years 10 months ago #12401 by aryarr_nayak
Replied by aryarr_nayak on topic Tax not post
HI ALL,

Can anybody explain the use of ROUNDING.type and BASE.ROUND.TYPE?

Thank you

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12 years 9 months ago #12478 by kda
Replied by kda on topic Tax not post
Thanks

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