diff --git a/lib/gnucash/value.rb b/lib/gnucash/value.rb
index 1abaf73..dce940b 100644
--- a/lib/gnucash/value.rb
+++ b/lib/gnucash/value.rb
@@ -25,7 +25,7 @@ module Gnucash
     end
 
     def to_s
-      (@val / 100.0).round(2).to_s
+      sprintf("%.02f", @val / 100.0)
     end
   end
 end
diff --git a/spec/gnucash/value_spec.rb b/spec/gnucash/value_spec.rb
index c25ab89..61760a2 100644
--- a/spec/gnucash/value_spec.rb
+++ b/spec/gnucash/value_spec.rb
@@ -30,5 +30,9 @@ module Gnucash
       c = a - b
       c.to_s.should == "-123.99"
     end
+
+    it "formats the number with two decimal places" do
+      Value.new("1400/100").to_s.should == "14.00"
+    end
   end
 end