Tax calcucaltion slightly incorrect

  • Resolved sonnybe

    (@sonnybe)


    4 years, 4 months ago

    Hi

    Our accountant comes that woocommerce tax calculation is slighlt incorrect.

    For example his accountant system calculates 23% VAT on 88,29 as 16.51 bt woocommerce calcuates it as 16.50 Please seee screenshots , and I am not rounding the calculation.

    https://prnt.sc/tr7mlk [accountant]
    https://prnt.sc/tr7ncf [woocommerce]
    https://prnt.sc/tr7pcx [Tax Settings]

    I know difference is very small but our accountant makes this an issue and asks us to fix it asap.

Viewing 2 replies - 1 through 2 (of 2 total)

  • Hi sonnybe,

    you may change these settings: https://wpdesk.me/tb/EgGosUyB97.png
    and adjust prices for products to be exclusive of tax.

    The prices for shipping are always inserted in that way.

    Please note that the changes from gross to net prices are not automatically.

    You may adjust the prices from a formula below:

    88,29/1,23 = 71,7804878
    71,7804878 * 1,23 = 88,29

    So you may need to set prices with 4,5 or even 6 digits so that the VAT and gross prices are correct. Or try with slightly different gross prices for which the net price will not be Repeating decimal e.g. 5,0404040404

    Hope it will be helpful

    Hi @sonnybe,

    Since we haven’t heard from you in a while, we’re hoping that means you were able to get this resolved. I’m going to close this thread out now.

    If you’re still having trouble, please open up a new topic and we’ll be happy to help out.

    Take care

Viewing 2 replies - 1 through 2 (of 2 total)
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