Sometimes you might encounter goods or services with prices that have more than two decimal places. When this happens, the app automatically rounds the figures to make sure your financial records are accurate and compliant. 💸
How rounding works for bills and sales invoices
When a total has more than two decimal places, the app calculates the final figures using these specific rules:
Subtotal: We round this up to the nearest penny. For example, £12.2388 will become £12.24. 📈
VAT amount: We round this down to the nearest penny. This follows official HMRC rules to ensure your tax tracking stays completely accurate. For example, £2.0398 will become £2.03. ⚖️
The app applies these calculations automatically behind the scenes, so you never have to worry about manually adjusting your totals.