Difference between revisions of "Validating samples: Special cases"
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<br/>[[image:financial_discount_normal_situation.png|link=]]<br/> | <br/>[[image:financial_discount_normal_situation.png|link=]]<br/> | ||
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| − | A financial discount is | + | A financial discount is in this case calculated based on the value in the ''Net amount'' field. The discount in this example equals €2 (2% of €100).<br/> |
The taxable amount will therefor be equal to €98 (€100 - €2 discount).<br/> | The taxable amount will therefor be equal to €98 (€100 - €2 discount).<br/> | ||
Because the ''VAT amount'' is calculated based on the taxable amount, this value will equal €20,58 (21% of €98).<br/> | Because the ''VAT amount'' is calculated based on the taxable amount, this value will equal €20,58 (21% of €98).<br/> | ||
Revision as of 16:29, 7 November 2016
1 Financial discount
The calculation of the VAT amount is always based on the taxable amount. This taxable amount will be different when working with a financial discount than when working with no financial discount.
1.1 Example
Let's say you have following document in 1Archive:
- Net amount: €100
- VAT percentage: 21%
- Discount %: 2
In a normal situation, the VAT amount would be €21 and the Total amount would be €121.
A financial discount is in this case calculated based on the value in the Net amount field. The discount in this example equals €2 (2% of €100).
The taxable amount will therefor be equal to €98 (€100 - €2 discount).
Because the VAT amount is calculated based on the taxable amount, this value will equal €20,58 (21% of €98).
The Total amount in this case will be €120,58. And this is how this document should be booked into the accountancy package.
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1Archive automatically calculates the financial discount. When the VAT amount is not filled in correctly, this will be displayed by showing a red field. When hovering over that red field, an error message is shown. |
