Hello, Unfortunately, I don’t find a support e-mail address or contact form to report an issue. So let’s use forum instead. I noticed that the tax calculation for the journal posts isn’t working correct for the Belgium VAT. In all other categories it’s working perfect!! (Invoices for customer, sup…

In Journals you need to enter the Tax Inclusive amount - so enter 242.00 Amount 200 = 165.29 + 34.71 (21%)

Hello Brucanna, Thank you for the feedback. I tested and the VAT is now correct :slight_smile: What I don’t understand, what the point is of the option to add the VAT in journal posts? If you first needs to calculated it manually. In al other categories you don’t need to do this. What is your poi…

I think the philosophy is that journal entries are not intended for actual movement of money in Manager. They are meant more for transfers between accounts (chart of accounts accounts, not bank accounts). So amounts being entered should normally be tax-inclusive. Other types of entries, such as spe…

Hello Tut, Thanks for your reply. I am using the journal post for adding the monthly income of Google Adsense and calculation of the VAT for Belgium state.

Then it seems like you should be using the Receive Money function in whichever bank account you are receiving the income.

Okay, thank you for the feedback! :slight_smile:

Tut, I have just one more question. I want to add possible earnings (not yet received) of Google Adsense (for example 20 euros for the month of April and 30 euros in the month of May) or other affliate programmas in the manager programma. To have a global view of unpaid earnings centralised. Do you…

This will depend on a couple things. First, are you doing cash-based or accrual-based accounting? If cash-based, it isn’t appropriate to include these potential earnings at all. Income is recognized only when actually received. If accrual-based, is this income actually earned? In other words, do y…

Tut, thanks al lot for great information and your time !!! This helps me al lot :slight_smile:

Wrong calculation of VAT in journal posts (Belgium 21% VAT)

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Tut July 10, 2016, 5:11pm 3

@jaspenjon, you may also find useful information here: Strange calculation with VAT.

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Wrong calculation of VAT in journal posts (Belgium 21% VAT)

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