Difference between revisions of "Rounding"
Jump to navigation
Jump to search
(Created page with "Wherever BAMOS+ calculates an amount automatically, it rounds down the result on cent level. The system applies this rounding method to avoid rounding mistakes. For example,...") |
(No difference)
|
Latest revision as of 07:17, 11 April 2022
Wherever BAMOS+ calculates an amount automatically, it rounds down the result on cent level. The system applies this rounding method to avoid rounding mistakes.
For example, the Programme co-financing to a project partner is the project partner’s budget (e.g. EUR 123,456.76) multiplied by the project partner’s co-financing rate (e.g. 80%). BAMOS+ rounds down the resulting Programme co-financing of the partner: EUR 123,456.76 * 80% = EUR 104,938.2460, rounded down to EUR 104,938.24.