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[MAHMOUD ELGENDI]

Dear Experts, I need your help of VAT setup,

The system now calculation the VAT wrongly, but a few days ago it was calculation fine, this is the example screenshots from Payment Journal.

The VAT rate is 5%

This is the correct calculation Amount 243.60 * 5% the VAT amount is 12.18

Now I am doing exactly the same entry with the same amount but the system did this formula  Amount ÷ 1.05 * 5%

243.6/1.05=232 

232 * 5% VAT = 11.60

This is the screenshot

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MAHMOUD ELGENDI
NAV/BC beginner Consultant
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[MAHMOUD ELGENDI]

Dears,

I got the answer, in the Journals we need to fill the full amount ( Amount Incl. VAT), unlike the Purch. / Sales Documents you can enable the Amounts Incl. VAT in the Cust. Vend. Cards

I don’t know why I missed that, I am so busy with the implementation plus year-end closing

Thanks 

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MAHMOUD ELGENDI
NAV/BC beginner Consultant
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[Samuel Champoux]

?Thank you, good to know 🙂

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Samuel Champoux
IT Director
Drummondville QC Canada
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