Rounding invoice amounts - Contractor UK Bulletin Board

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TheFaQQer replied

27 February 2008, 11:28
Originally posted by BrowneIssue View Post

I think you all missed the point.

Congratulations on your £6,825 (+ VAT) invoice, kiboomiz.

I assume that you only worked for a couple of minutes for that.

Threaded
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Sockpuppet replied

27 February 2008, 10:59
Originally posted by chicane View Post

£325/day.
Not bad.

How you work that out?

Could be per week
Leave a comment:
chicane replied

27 February 2008, 10:29
Originally posted by BrowneIssue View Post

Congratulations on your £6,825 (+ VAT) invoice, kiboomiz.

£325/day.
Not bad.
Leave a comment:
BrowneIssue replied

27 February 2008, 09:53
Originally posted by kiboomiz View Post

Hardly the most important accounting question I know, but if after calculating VAT the total invoice amount comes out as, say, £8019.375 do you round the pence amount up or down?

Thanks!

I think you all missed the point.

Congratulations on your £6,825 (+ VAT) invoice, kiboomiz.
Leave a comment:
Gonzo replied

26 February 2008, 22:38
Originally posted by Ardesco View Post

What do they teach in schools these days??? :P

If you didn't learn it in school, then just set the cell in Excel to round to two decimal places and then it will do the calculation for you.

hth
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Ardesco replied

26 February 2008, 15:44
What do they teach in schools these days??? :P
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TheFaQQer replied

26 February 2008, 15:39
.5 and above, round up.
below .5 round down.
Leave a comment:
kiboomiz started a topic Rounding invoice amounts

26 February 2008, 15:38
Rounding invoice amounts

Hardly the most important accounting question I know, but if after calculating VAT the total invoice amount comes out as, say, £8019.375 do you round the pence amount up or down?

Thanks!
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