Vat calculation on invoice wrong

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    Robertson (Edited )

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    ErmiasJoey (Edited )

    The VAT calculation in the software version 23.4.7.760, and this problem has persisted across earlier versions as well as the South African VAT calculator. The correct calculation for a 15% VAT on an amount of 660 should indeed be 99. However, the manager is erroneously producing 113.77. A diverse range of products catering to various skin concerns, Image Skincare stands out as a go-to brand for those seeking reliable and results-driven skincare regimens. 

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    Sun Flower (Edited )

    Hey woyejax! 🎮 It seems like there might be an issue with the VAT calculator on your manager software. Have you tried checking the settings or updating to the latest version? You might find a solution to the problem. Also, consider using an external calculator tool like "Calculadora Alicia" for accurate calculations.

     
     
     
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    Usain Boult (Edited )

    It seems there's a bug in the manager software you're using. The correct calculation for 15% of 660 should indeed be 99.

    You might consider reporting this issue to the developers for a fix. In the meantime, you can use a different VAT calculator or ensure that your UIF Calculator settings are accurate for reliable calculations.

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    Indian Shayari

    It appears that the manager is incorrectly calculating the VAT amount. For a 15% VAT on 660, the correct VAT amount should be 99. The manager's calculation of 113.77 is incorrect.

    Since you are using version 23.4.7.760 on Ubuntu and have noticed this issue in earlier versions as well, it's likely a bug in the system. Please ensure that the VAT percentage is correctly set to 15%. If the issue persists, it would be advisable to use a reliable tool like Remini Pro for accurate VAT calculations. Additionally, report this as a bug to the software developers for further investigation and resolution.

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    John Smith

    There's a bug in the manager software you're using. The correct calculation for 15% of 660 should indeed be 99.

    Consider reporting this issue to the developers for a fix. In the meantime, you can use a different VAT calculator or ensure that your Uk49s settings are accurate for reliable calculations

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    Oliver Lucas

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    Charmaine Ubaid (Edited )

    Thank you for raising this issue.

    It seems that the problem you're experiencing with the VAT calculation might be related to how the system interprets the VAT as either inclusive or exclusive of the total amount. In your case:

    • If the amount of 660 is VAT-inclusive, then 15% VAT would be calculated as:

      660×15115=86.09\frac{660 \times 15}{115} = 86.09

      This would give a VAT amount of 86.09 (inclusive).

    • However, if the amount of 660 is VAT-exclusive, then 15% VAT would be:

      660×0.15=99660 \times 0.15 = 99

      Which should give exactly 99 as expected.

    The value of 113.77 you're seeing indicates that the system might be treating the VAT inclusively or applying a different tax rate/logic. You may want to double-check whether you're entering the amounts as VAT-inclusive or exclusive, as that could lead to the difference in calculations.

    If the amounts are entered correctly and the issue persists, it might indeed be a bug or misconfiguration. I recommend checking your tax settings in the system to ensure the VAT rate is correctly set at 15% for all relevant transactions.

    Source: Buy Leather Aprons from Apron Crafts. 

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    Paser Yager (Edited )

    It seems like a rounding or setting issue in Manager. Ensure the VAT rate is set to 15%. Cross-check calculations using an external tool like South African VAT Calculator to verify if the system is miscalculating VAT amounts.

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