rounding total values including and excluding tax
Budget £10-20 GBP
rounding total values including and excluding tax, Need advise on what approach to follow.
We have 2 items:
Total payable value:
Item 1 costs: 4.29
Item 2 costs: 12
Tax:
For item 1 is: 5%
For item 2 is: 12.5%
Ex Vat (calculated from Total value):
Item 1: 4.0857
Item 2: 10.6667
Now the calculations will go:
Item 1: 4.0857 * 5% = 0.204285 (rounded to 2 digits decimal - 0.20)
Item 2: 10.6667 * 12.5% = 1.3333375 (rounded to 2 digits decimal - 1.33)
Total for basket = 16.29 (as ex vat value is calculated from total value)
Total from [login to view URL] + taxes: 4.0857 + 0.204285 + 10.6667 + 1.3333375 = 4.289985 + 12.0000375 = 16.2900225 (rounded to 2 digits: 16.29)
If I loose the precision on calcs (for example I calculate tax value from 2 digit decimal number, ex 4.09 * 5%), it will create chain reaction which will enlarge total value to 16.30 (after rounding), so it will create another set anomalies that will affect total value as well.
Anyone has a good idea?
15 freelancere byder i gennemsnit £24 timen for dette job
Hello, I will be glad to assist you with that. I am an experienced Financial Analyst and Excel expert holding years of experience in Financial Analysis, Financial Modeling and Corporate Finance. Lets discuss your proje Flere
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Hi there, I'm Chartered Accountancy student and I deal with such kind of calculations every day. I've expertise in tackling with such tricky figures as is my field. Do hit me up to discuss details. Looking forward to h Flere
Hi Friend, I can automate these tasks for you using power query and macros in excel. In future, you will only have to input data and you will get the result automatically. Please give me a chance to work on this task Flere
Apply from the beginning, the recounting formula in the value of the cost. Item 1 Item 2 Costs 4,09 10,67 % - Tax 5,0% 12,5% Tax 0,20 1,33 Total Flere
It just easy to fix with some basic vat concept. When you know how vat work, this problem can solve in a minute.
Prefect fit, as i love diddling with numbers in excel. Prior experience in doing similar functions.
