Document Rounding

In some countries, companies are required or can elect to calculate taxes at the invoice, or document, level. Document rounding enables ONESOURCE Indirect Tax Determination to calculate taxes at the document level to increase compliance with various EU and Asia Pacific rounding requirements.

Document level rounding is enabled at the zone (country) level. All authorities in the zone are affected, including custom authorities and authorities that may be added after you enable document level rounding. Document level rounding is off by default.

Document rounding may also be set at the company level. For more information, see the Company Roles for Document Rounding option in Company Options.

Use this page to add, modify, or delete a country from document level rounding:

  • The left column shows all of the countries your company has set up to calculate taxes by document level rounding.
  • On the right column, you select a country that requires document level rounding from the drop-down list and specify a start and end date, as applicable.

Because a document rounding list is owned by a company, each list is specific. Its contents reflect where a company does business. Company data is not inherited by child companies.

Before using this page for the first time, please review Rounding Rules.

Add a country to the document rounding list

  1. On the Determination home page, select a company for which you need to round documents.
  2. From the International Configurations category, click Document Rounding.
  3. On the Document Rounding page, select Add from the Actions menu.
  4. In the right column, click the arrow on the Country list. Select the desired country.
  5. Enter a Start Date, and if applicable, an End Date.
  6. Click Submit to save your changes.

Modify a document rounding country

  1. On the Determination home page, select a company for which you need to round documents.
  2. From the International Configurations category, click Document Rounding.
  3. On the Document Rounding page, select the desired country from the left column.
  4. Change the Start and End Dates as needed.
  5. Click Submit to save your changes.

Delete a document rounding country

  1. On the Determination home page, select a company for which you need to round documents.
  2. From the International Configurations category, click Document Rounding.
  3. On the Document Rounding page, select the desired country from the left column.
  4. Select Delete from the Actions menu.
  5. Click OK to confirm that you want to remove the country from document rounding.