I’ve found a lot of topics in the forum about VAT rounding, but none that helps me with this problem. A lot of times when creating sales invoices I get the wrong VAT total on the invoice. This is due to the fact that Manager rounds the VAT on single lines to two digits. The problem would be solved…

All general-purpose double-entry accounting systems calculate tax amounts on line item level. You can’t make general-purpose double-entry accounting system which will not round tax amounts on line item level. Why is it a problem? I don’t understand. It looks like you care about this issue because …

[image] lubos: You can’t make general-purpose double-entry accounting system which will not round tax amounts on line item level. Well, you can, if you calculate the rounding error for each invoice and charge it against a Rounding account that gets written off periodically.

Let’s say you have an invoice with two line items. Each line item is to be posted to different account. Amounts on line items are tax-inclusive which means you need to calculate tax amount on each line so you know net amount which is to be posted to some income account. You need to round tax amount…

Unbelievable! How do you even sell this faulty system to people? Have the tax office even checked this system? We were looking to purchase an invoicing system (or use a cloud based one!) when we found manager.io ! after adding just one VAT invoice we realized the whole vat calculation is wrong on …

Please read the guide Choose between tax-exclusive and tax-inclusive prices

Do you really think Manager does wrong calculations by default??? The way you inform us about your problem is not the way we “talk” to each other in this forum. First ask, get an answer and then jump to conclusions. Not the other way round. I have made the calculations based on your figures. Mana…

[image] Somsi_Somchai: How on earth are you calculating the vat? The correct way, not your mistaken/misunderstood way. VAT is an add on tax (cost to the customer + tax), not a deduct off tax as your example wrongly assumes. Take an item that is 100.00 + 10% VAT (or 1/10) which equals 110.00…

Dear @Somsi_Somchai , First of all… compliments for very polite post. Secondly you should better learn how VAT works, since what you write is completely nonsense.

VAT calculation on sales invoices

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Wrong VAT amount being calculated	10	2861	October 25, 2016
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VAT calculation on sales invoices

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