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, (ex
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 st
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 i
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 EUR
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 you
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 p
