Just checking out Manager - great looking software so far, by the way - but have a question about tax codes. I’ve looked through other threads here with similar questions, but couldn’t find an answer.
I’ve set up a very simple system to test with, basic chart of accounts using the default “Sales” account. I’ve set up a tax code for state tax (I’m in the U.S.) at 6%. I want the tax on the amount entered in Sales displayed in the tax code field.
The system is calculating the tax amount, but it is incorrect for this instance. Instead of calculating at 6%, it seems to be calculating at 5.66%. For instance, if I enter a Sales amount of $500.00 the tax amount should be $30.00, but instead it’s showing $28.30.
Currency is set correctly, and I’ve double checked everything I can think of. I’ve removed the tax code and set it up again. Can’t think of anything else that might be causing this. Other than this issue, everything works great. Is this something I’m doing wrong, or not setting up correctly?
Thanks for any help with this, would really like to try this program in a real scenario…