Decimal Point for Calculation Of Invoice Amount When There Is Discount
When there is discount in the calculation of invoice amount, QnE system will put forward the decimal point to 1 at the discount amount not at the amount after discount.(nett amount)
For Eg (5 pcs @ RM 87.50) -5% = RM 415.62 not RM 415.63. Why?
Because 5 x RM 87.50 = RM 437.50
RM437.50 X 5% = RM 21.88
So the net figure after the discount is RM 415.62.(RM 437.50-RM 21.88)
If customer ask why we can tell them that in our system the discount got account posting so we
cannot reat it is as RM 21.88 & at the same time the net figure is RM 415.63 coz it will add additional 1 cents figure. In our system, these kind of calculation will eliminate 1 cents problem.Check:
RM 415.63 + RM 21.88 = RM 437.51
The above figure is not correct coz the actual value of the invoice (5pcs x Rm 87.50) RM 437.50.
Our system will round up the discount amount first then use the total amount to minus the discounted amount and get the debtor amount.
Dr Debtor ????
Dr Discount Allowed 21.80
CR Sales 437.50
The dabtor amount will be RM 437.50 - 21.88 and get RM 415.62.
Not RM 437.50 - 21.875 = RM 415.625 (RM 415.63)
because our system will round up the discount amount first.