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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 ?

 

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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.

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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?

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Author Best Answer

Hi Zura,

Thanks for your answer. 

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

 

 

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