Tax Issues

Hi Akaunting Team,
Thanks for making such a wonderful tool

Hello Friends,

I have an issues in Tax while generating Invoice ... Whatever Tax type I select always the total is not adding tax

For Ex.
Item Cost = 1000
Tax (10%)= 100

My Expected Total = 1100

System Generated Total = 1000

Please help

Thanks

Hello Satish.
Check on Settings > Taxes the type of tax you are using.

If it's an inclusive tax the total won't be added.

Cheers.

Thanks Leonardo for your quick reply :-)

Inclusive works differently as depicted here ...

Expected:
Item Price = 1000( Item Amount is also = 1000)
Tax (10%) = 100
Total = 1100

Actual (when set Tax Type as inclusive) :
Item Price = 1000 (But Item Amount is shown as = 90,909,090,909,090.92 don't know what this value is)
Tax = 90.91

Calculated Subtotal = 90,909,090,909,090.92 (Don't know what this value is )
Calculated Total = 909.09 which is again wrong

Are you set on the latest version and can you post your settings for your VAT as set in Akaunting?
I am not having this problem, so it needs to be something in your settings.

It took me a while to work out what was going on with taxes as well but once I started using the inclusive tax (rather than standard), it all became much simpler. I didn't have to worry about ex-tax rules at all. Just enter the total amount including tax, select the tax with the appropriate tax rate and it works it out for you. As I said, I did have to spend a little time setting this up but it now works great.

when trying to add VAT, it says new tax, fill fields in, name and vat 21% and will not save ?? help ;)