On Tuesday, 18 October 2022 14:34:34 BST Etienne wrote:
>
> I think for the time being that manual entry in the ledger correcting the
> 1ct will have to do. Hopefully GNC will have some option down the line for
> this.
Unless things have changed in recent versions of GC, that is not the
@Michael, you pay VAT on the total invoice, but both items already have the VAT
included on the item line. So the rounding happens at the total level. Else you
get too big rounding errors (especially supermarkets when you have 9%
categories and 21% items (e.g. rounding a 9% tax on a 49ct can
In the Bill I enter the amount 109.95, and then select the columns Taxed, Taxes
Included and the Tax Table entry. It then calculates both values 18.33 and
91.63, which add up to 109.96 but the total I entered in the first amount
column remains at 109.95.
Only when I Post the Bill, I see a
Since I use cash accounting I don't have any experience with GnuCash
invoicing. I process heaps of invoices, including recipient-created
invoices. Tax-inclusive or tax-exclusive costs are optional in Quickbooks
(which I use for business accounts) and calculated values can be user
overwritten. I
The problem with advertising 'inclusive' sales tax is, except in limited
circumstances, usually impossible. This is because in many
jurisdictions, there are taxes that scale with the amount of the total
purchase, or on the day of the purchase (tax holidays anyone?) or even
who the buyer is,
Yes and no for me... with each city in our (US) state allowed to add some
percentage points to the sales tax, it would be difficult for a store to
include the sales tax... but I have shopped in Europe and very much like
that the price in the store is what I pay at the register. In addition,
some
We encounter the same problem in jurisdictions with tax computed after. Which
is to say this problem is not unique to having tax-in pricing advertised.
Where I see it is in bills where the GnuCash rounding differs from that used by
the vendor. And it only happens when there are multiple line
On 10/17/2022 11:03 AM, gnuc...@boeziek.nl wrote:
Hi,
I created a Sales Tax Table entry of 20%.
When I create an Invoice of EUR 109,95 with tax included and select my Tax
table, GNUCash calculates EUR 18,33 tax and EUR 91,63 in net revenue.
My Accounts Receivable however will not increase by
On 2022-10-17 09:53, gnuc...@boeziek.nl wrote:
> Thank you Stan,
>
> Indeed inside EU it is compulsory to advertise pricing including VAT. So I
> have to work backwards.
Ah -- I'm guessing that's because VAT is imposed at several stages
between raw material and final sale? Here in the US, as
Thank you Stan,
Indeed inside EU it is compulsory to advertise pricing including VAT. So I have
to work backwards.
Inside the Invoice function in GNC you can’t manually edit the amounts after
the Tax Table calculated them.
It would be great if GNUCash will either (1) allow you to edit the tax
On 2022-10-17 08:03, gnuc...@boeziek.nl wrote:
> I created a Sales Tax Table entry of 20%.
> When I create an Invoice of EUR 109,95 with tax included and select my Tax
> table, GNUCash calculates EUR 18,33 tax and EUR 91,63 in net revenue.
> My Accounts Receivable however will not increase by EUR
Hi,
I created a Sales Tax Table entry of 20%.
When I create an Invoice of EUR 109,95 with tax included and select my Tax
table, GNUCash calculates EUR 18,33 tax and EUR 91,63 in net revenue.
My Accounts Receivable however will not increase by EUR 109,95 but by 109,96.
So 1 cent difference. (the
12 matches
Mail list logo
