I have an amount of £156,400 that will be divided by 12 payments. When £156,400 is divided by 12 it comes out at £13,033.33recurring. But when you times this by 12 it comes out at £156,399.99recurring. So is it legal to bill 11 payments at £13,033.33 and the last payment at £13,033.37?
Is this Legal?
Answers
I do not see why it would be illegal if the contract stipulates £156,400 over 12 consecutive payments. Also, I don't know of any client who would care about an extra £.04 on their final payment to say something about it. If they do mention it for some God forsaken reason reason just explain the math.
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Accounting