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Reply from nelyf on Jun 27 at 3:04 AM Hi,
I believe the entry is correct. The system calculates of gross amount divides it by 1.16% net of tax.
Gross - 1,000.00
Tax 137.93 (16% x 862.07)
Net of tax 862.07
In the other server, if the amounts enter is 1,000 plus 16% tax, the gross total AR should be 1,160.00.
Do I understand correct?
Thanks,
Nely
| | | ---------------Original Message---------------
From: itrevino
Sent: Wednesday, June 27, 2012 2:45 AM
Subject: Different Tax Calculation
Hi everyone,
Hope someone could help me, I'm having trouble with tax calculation for customers because when enter a down payment request. I enter the amount (i.e: $1000), the tax code (which is the 16%) and then select the checkbox for "calculate tax", then when I post the document the amount is modified because instead of $1000 plus tax of $137.93, the system is displaying $862.07 plus tax of $137.93
The thing is that for the other company (which is on different server) the calculation is ok and I have an amount of $1000 and a tax of $137.93, but for the company which I'm trying right now is showing the amount of $862.07 and tax of $137.93. I have search all the tax configuration and couldn't find anything different between the two companies. Can someone help me? |
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