Forum Discussion

Learoy's avatar
Learoy
Experienced Cover User
2 years ago

1 cent Tax Issue

I raise a Sales invoice which has 3 x separate inventory items. I enter the same ex-GST price for each item. When the invoice is saved the GST inclusive amount on one of the items is 1 cent different...
  • Mike_James's avatar
    Mike_James
    2 years ago

    Hi Learoy , you could try offering them my explanation,  ie at every line, the program is adjusting the GST amount (which they claim back anyway) so as to ensure that the GST on the net total to that point is correct.

     

    I quite agree that on the face of it,  an error appears to have been made.

Learoy's avatar
Learoy
Experienced Cover User

Hi Mike,

 

I have tried that but the customer that I send the invoice to wants to see the list price, GST amount & GST inclusive price. They question why the figures are different even if it is only by 1 cent. 

Mike_James's avatar
Mike_James
Ultimate Cover User
2 years ago

Hi Learoy , you could try offering them my explanation,  ie at every line, the program is adjusting the GST amount (which they claim back anyway) so as to ensure that the GST on the net total to that point is correct.

 

I quite agree that on the face of it,  an error appears to have been made.

  • Learoy's avatar
    Learoy
    Experienced Cover User
    2 years ago

    Hi Mike,

     

    Thank you for your assistance. I will pass on your explanation and hope that will make them happy.😊

     

    Regards,

    Learoy

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