Invoice Tax calculation rounding off issue

Question

Hello

We have issue in Tax calculation in Invoice.

The total invoice amount is $872.60

GST Tax is 7% so the Tax amount should be 7% of $872 = $61.082 = $61.08

But when we set this in Odoo its return tax amount as $61.09 which is wrong.

So any idea on how to do this ?

Zura Tsiklauri · Accepted Answer

Hi. The problem might be the tax calculation rounding method. If you have multiple lines in your $872.6 Invoice and in Settings->Accounting->tax calculation rounding method = Round globally, it may round the sum incorreclty. Above this in settings u can also find Decimal Precision on Journal Entries. It might help u.

John Uzo · Answer

What I did was:
I noticed that I had  Tax Computation  under  Taxes  set as  Percentage of Price Tax Included . I changed it to   Percentage of Price   and  all came back to normal. I hope this works for you?

Rahul Patel · Answer

Hi Zura,

Thanks for your answer.

Basically i tried to setting both option but none of them working.

This question has been flagged

Enjoying the discussion? Don't just read, join in!