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Dears, please help
The system now calculation the VAT wrongly, but a few days ago it was calculation fine, this is the example screenshots from Payment Journal.
The VAT rate is 5%
This is the correct calculation Amount 243.60 * 5% the VAT amount is 12.18
Now I am doing exactly the same entry with the same amount but the system did this formula Amount ÷ 1.05 * 5%
243.6/1.05=232
232 * 5% VAT = 11.60
This is the screenshot
can you check "VAT Calculation Type" of your entry . is it "Normal VAT" ?
Dears as I find no one has solved the issue the answers is:
The Amount must be including VAT then the system will calc. the VAT amount based on the VAT setup.
Thanks
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