Example of Using Rounding Level on Tax Lines

The rounding level on a tax line shows in order of precedence, the party type, source, and rounding level value. The rounding rule is the method used to round off taxes to the minimum accountable unit.

To know how rounding is determined or to modify the setup, use the dialog details in conjunction with the party information.

Scenario

For example, on the Rounding Level dialog box for a purchase invoice you see the following:

Rounding Precedence	Party Type	Source	Rounding Level
1	Bill-from party	Supplier site
1	Bill-from party	Party tax profile	Header
2	Bill-to party	Supplier site
2	Bill-to party	Party tax profile	Line
3	Ship-from party	Supplier site
3	Ship-from party	Party tax profile	Line
4	Ship-to party	Supplier site
4	Ship-to party	Party tax profile	Header
Default			Header

Level 1 precedes all other levels; the default precedence is used only when the other levels aren't populated. When the rounding level is blank, no attribute is set for that level.

In this example, when the bill-from party tax profile rounding level of Header is incorrect, you can identify the bill-from party from the Tax Line Details header information and query the appropriate party tax profile to modify the setup.

This is a simple example which uses header level for rounding. For rounding at Line level, you need to derive party type for the Determine Tax Registration rule.