It's a trivial issue, but one of those that is annoying me. Software provider is unable to explain how they get to the answer that they do, which differs slightly from my own.
Qualifying expenditure incurred during the 12 months ended 31 July 2020. Expenditure of £28,400 was incurred on, say, 31/12/19 and first brought into use on 01/01/20.
My calculations give an allowance of £426 or so, but software is producing £388.
Which, if either, is correct?
Replies (7)
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Do you have your dates right there Wilse?
You seem to be using 9/12, whereas I make it 7/12.
No idea what the software is doing.
Mathematically speaking, it's not a coincidence ...
(2 somethings @3/12) + (3 somethings @ 4/12) = (2 somethings @ 9/12) : QED
More pertinently I can see nothing wrong with your calc, so why can't software supplier/support explain basis of their calc?
Yeh, thought you would have & didn't like to ask, just I could get pretty close to the software answer using a transposition error.
Likewise apologetic for doubting you.
I haven't plugged your figures (and dates) into our software, but I feel like I will be, as a test. I'll report back idc.