I am experiencing the following issue.
My VAT rate is 23%. I have updated this in the settings.
When creating a sales invoice the VAT is calculating at 18.6% instead of 23%. I’ve attached an example too.
My calculations show the VAT is €1.15 per item, with an overall total of €2.30. Instead it’s showing €1.86 as the total.
I have deleted out the VAT settings & re-instated them. I’ve deleted this invoice & re-created it a number of times too. I can’t get my head around why it’s not calculating correctly. I’ve also tried inputting 1 item on the invoice to no avail.
I saw there was a previous question about this, but not concrete solution. I’m hoping there is one now, as I love the software, but need the VAT to calculate correctly.