Solved
Please help me for decimal issue on amount of invoice tax as well on items amount
Original commenter did not share additional details
Hi
i have round the item amount and used excluding tax than also tax calucation is wrong while send invoice from api.
please check attachment as well.
SubTotal is :22.28
Tax percentage :20%
than Total tax showing me : 4.55
but actual tax is 22.28*20/100 = 4.46
so please help us to resolve this thing.
Hi @linnworkstools,
I appreciate your prompt reply, as well as sharing a screenshot of the invoice you created.
I can see at least one of your line items in the invoice has a negative amount. This causes the VAT calculation to be off. I've tried replicating this on my test account, using an invoice but only has a single line item. The VAT calculation is correct with an amount of 4.46.
Based on the description of the line item with a negative amount, I'm assuming it's a refund. I suggest you follow the steps in this article to properly enter a refund: Record a customer refund in QuickBooks Online. This way, the amounts of the boxes on your VAT return will remain accurate.
You can also keep this article for a reference, whenever you need to enter a VAT payment: Record a VAT payment or refund. This includes a short video that demos the process of recording a VAT payment or refund.
Post a comment below in case you need further assistance. I'll be glad to help.
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