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Question

Tax/VAT Calculation incorrect


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Hi Everyone.

I have an issue where the tax amount is not calculating correctly. The tax amount is 15%. So for an amount of 202 937.50 should be 30 440.63.  When creating an AR invoice. The amount I get on Acumatica is R30 441.10. What could be causing this and how can I fix this?

 

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  • Semi-Pro I
  • October 11, 2023

Hi @LungileNjakazi37 Please post the screenshot of the Invoices screen and the tax configuration for EXCLUSIVE.


Laura02
Captain II
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  • Captain II
  • October 11, 2023

Hello,

If your Line or document amount does not include tax and you want to multiply 202 937.50 X 0.15 =  30 440.63 tax, change Calculation Rule to EXCLUSIVE (line or document level depending on whether different Items being sold can have different tax rates).

 

Laura


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