Difference between revisions of "Multi-Tax system"

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Amount with Simple Taxes = X + (A% + B%)
Amount with Simple Taxes = X + (A% + B%)


== Example for Compound tax =  
== Example for Compound/Simple tax calculation==


We have initial data:
SUBTOTAL 3.99
TAX1: 18%
TAX2: 15%
Calculating when '''Compound tax''' is enabled:
Amount with Compound tax = (SUBTOTAL + TAX1) + TAX2
in digits:
(SUBTOTAL + TAX1) = 3.99 + 18% = 3.99 + 3.99 / 100 * 18 = 3.99 * 1.18 = 4.7082




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= Example for Canada =  
= Example for Canada =  



Revision as of 08:19, 8 January 2010

This functionality is available from MOR 8

All prices and rates in MOR are without TAXES. That's a rule. Each user has TAX percent. By this TAX percent he gets charged when he makes payments or views his rates.

Multi-Tax system allows to have several taxes in final reports for users.



Compound Tax and Simple Tax

Lets say we have 2 taxes for simplicity A and B. And some amount without tax X.

When it is check Compound tax, multiple taxes are calculated in following way:

Amount with Compound Taxes = (X + A%) + B%

then if Compound tax is disabled then:

Amount with Simple Taxes = X + (A% + B%)

Example for Compound/Simple tax calculation

We have initial data:

SUBTOTAL 3.99
TAX1: 18%
TAX2: 15%

Calculating when Compound tax is enabled:

Amount with Compound tax = (SUBTOTAL + TAX1) + TAX2

in digits:

(SUBTOTAL + TAX1) = 3.99 + 18% = 3.99 + 3.99 / 100 * 18 = 3.99 * 1.18 = 4.7082




Example for Canada

As example we can take Canada which has GST and PST taxes which should be shown on Invoices/Reports/etc.

Multitax1.png


Taxes are applied to all newly created Users:

Multitax2.png


and Calling Cards:

Multitax3.png


If you changed taxes you can assign this to all Users/Calling Cards by pressing buttons bellow:

  • Icon check.png Apply to all Users
  • Icon check.png Apply to all Calling Cards
  • Icon check.png Apply to all Vouchers