FrontAccounting forum — Sales invoice not calculate the Tax correclty

Re: Sales invoice not calculate the Tax correclty

2018-01-02T23:07:05Z

Yes sorry i was wrong, thanks for update

Re: Sales invoice not calculate the Tax correclty

2017-12-31T05:59:54Z

(100 * 5) / 105 = 4.76%

Re: Sales invoice not calculate the Tax correclty

2017-12-30T23:19:33Z

Please show your calculations

Re: Sales invoice not calculate the Tax correclty

2017-12-30T19:35:29Z

I think we have something not correct here the included tax should show 5, not 4.76

Re: Sales invoice not calculate the Tax correclty

2017-10-17T08:53:17Z

Thank you, this was helpful.

Regards

Re: Sales invoice not calculate the Tax correclty

2017-10-15T19:49:48Z

No you have sold an item for 95.24 + 5% sales tax = 100

FA lets you have tax included or excluded.

You have chosen to sell the item using the retail sales type, go to Sales -> Sales Types, and you will see 'Retail' uses included taxes, edit this or create a new sales type.

For additional info on sales types, look in the Wiki

Sales invoice not calculate the Tax correclty

2017-10-15T18:03:49Z

Hi,

Frontaccounting version 2.3.24 or version 2.4.2, having an issue with the sales tax calculation.

if you open the demo site for the frontaccounting
http://demo.frontaccounting.eu

in the direct sales invoice screen if i sell 1 item with price equal 100 the sales tax is 5% then i get the result of 4.76 as a sales tax when it should show 5 as sales Tax.

https://s1.postimg.org/6nwtzmk6gv/Capture.png

please can any explain what that means ?

Regards