Hello, I discovered Manager a couple of weeks ago and migrated from GnuCash as quickly as I could. Thank you for this great software and economic model. I have a question regarding the settings for social security.
As a freelance entrepreneur in France, I am expected to pay a percentage of my income (22%) every month to social security. The price I charge my clients is deemed to include this percentage. So I need a system that puts aside 22% of every sale I make (in a social security payable a/c) so that by the end of the month I know exactly how much I owe to the social security authorities… I figured out that one way of doing this was using a tax code.
I have read a number of threads on tax inclusive pricing by now. I have to admit some are quite complex for me. Nevertheless, I made my calculations and used 28.205128% (tax rate/1 - tax rate) as my tax code so that I would get the system to calculate exactly 22% for every sale… However, there is still a discrepancy (i.e. sends €21.96 to social security payable for a sale of €100.)
So… what am I doing wrong? How do I get Manager to put exactly 22% of all my sales aside, every time? Should I use a “rule” instead of looking in the direction of “tax codes”?