UAE VAT (5%)
Please help me for vat calculation.
Sub-total amount is 36,000 aed and its vat amount is 1800/- but in software vat amount is
are you using an in-built tax code or a custom created tax code?
can you post a screenshot of your tax code edit screen and also the edit screen of your invoice?
you did not answer my first question.
also i had asked for a screenshot of your VAT 5% tax code edit screen and not the list of tax codes enabled.
In-built tax code
Vat is calculated per line item and then added up, its not calculated on the Sub-total.
So 14087.50 * 5% is 704.375 and 21912.50 * 5% is 1,095.625.
Becomes 704.375 + 1095.625 = 1,800.00
However Manager has rounded to two decimal places before adding the VAT up
704.38 + 1095.63 = 1800.01
Have you tried using the