Set rounding and VAT

The Delivery tab of a company contains the rounding and VAT settings. Click Save after making changes.

Rounding#

• Max rounding difference: the largest difference between the invoice total and the sum of the lines that the company accepts.
• Max rounding difference for auto-approval: invoices are only approved automatically when the rounding difference is at most this amount. The default is 0.05.
• Settle VAT rounding: instead of a separate rounding line, the difference is settled against the amount of the highest invoice line. Only the amount excluding VAT changes; VAT stays exactly the rate over the base.

Invoice lines#

• Remove zero-amount lines: lines with an amount of 0 are removed automatically when the invoice is read.

VAT#

• No VAT: use this when the company is not VAT-registered. VAT is booked as part of the amount and every line gets 0% VAT, whatever the invoice says.
• GL account default VAT code: decides whether the default VAT code set on the general ledger account in the accounting system is used. Choose According to accounting system, Use or Ignore.