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TaxCalc CT600 profit figure difference

rounding discrepancy to watch out for ?

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I know there are plenty of TaxCalc users on here....

Has anyone else noticed that the profit brought through automatically from ltd accounts to the CT600 sometimes differs by £1?

It has only started happening recently to me but it seems to happen quite a lot now.

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the sea otter
By memyself-eye
22nd Jun 2022 19:11

Err, no.
Do we care?
Err, no.

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By DKB-Sheffield
22nd Jun 2022 19:28

At 19p - either way - I'd not give it a second thought!

If I were to hazard a guess though... are you entering the nominal in round £'s or in pence (e.g. sales of £999.75, or £1,000.00)? Or, are you perhaps using an API to bring the figures from the bookkeeping software (which would also be in pence)?

Ooops... after all that, I have given it a second thought after all!!!

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By rmillaree
22nd Jun 2022 19:53

That would do my nut in I hate stuff not adding up due to random rounding differences - as dkb suggests is it the source data ? I am that sad that I do rounding adjusts on sage xero etc so that I know what the total profit and sum of balance sheet will be to an exact pound when the final figures are included (corp tax) also depreciation and asset values on balance sheet must also be to an exact pound - probably explains why I never buy the first round in the pub time wasted on stuff like that.

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By David Ex
22nd Jun 2022 22:03

De minimis non curat lex.

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By SXGuy
23rd Jun 2022 07:42

Most likely caused by you not rounding up or down the postings in accounts production.

Had this issue with another software provider years ago. Basically if you use exact figures, even though it all balances, the software will take the £1 and spit it out to a Pre defined nominal. The solution is to round all entries prior to import.

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Intercity
By Mr Hankey
23rd Jun 2022 12:53

I think if there is a £1 discrepancy between the accounts and the corresponding supporting documentation then who cares, but what really gets my goat is where there is just an odd pound only on its own somewhere.

When I see sets of accounts for example where there are no trade creditors at all, but the balance sheet shows (£1) of trade creditors, it just looks so sloppy! Arrgghhhh!!!!!

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