Forum Discussion

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

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.

Princess_R's avatar
Princess_R
MYOB Moderator
2 years ago

Hi Learoy 

 

Thank you for your post. Generally , this happens because of the math's involved in the software it is rounding off decimal places. You can check the calculation of the items including GST in the https://gstcalculator.com.au/ to see the difference on each item prices after GST inclusion. 

 

To further assist you with this could you send me a Private message with the screenshot of the created invoice and one that being sent.

 

 

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

 

Cheers,

Princess 

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

    Hi Princess,

     

    I don't know how to Private Message you. When I click on the highlighted Private Message, I am transferred to another internet tab with no way to type a message.