Question

Tax/VAT Calculation incorrect

  • 11 October 2023
  • 2 replies
  • 44 views
L
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Userlevel 2
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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?

 

2 replies

C
Rank
Userlevel 7
Badge +9

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

Chandra M
Laura02
Rank
Badge +18

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

Laura ~ Klear Systems, Inc. Irvine, CA. ~ AUG Forums Episode130 ~

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