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  1. Bills | NZ - Manually adjust GST for each line

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    submitted  ·  11 comments  ·  For small businesses » Business features  ·  Admin →
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    Ben van der Weide commented  · 

    My apology, I was referring to invoicing where this is also an issue. The manual adjustment of bills may be a handy workaround however the same logic applies - can Xero not simply code the software to not round off each line item, opting rather to display only the first 2 decimal places without removing or rounding any of the lower decimal places? In that way when the total of all the lines is calculated it is factoring in the exact GST for each line item, summing to a total. The total can then be rounded once, in line with IRD's methodology and conventional wisdom.

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    Ben van der Weide commented  · 

    I agree with many of the comments below: This should not require manual adjusting by users. The software should be coded to provide the accurate calculation of the total GST, the total being rounded only once at the end. Each line item should not be rounded, rather only displaying the 2 decimal places with the rest not displayed but not rounded off. Very embarrassing to have customers reaching out about an "error" in our invoiced GST amount every time.