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 | |||
<br><br> | <br><br> | ||
= 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.
Taxes are applied to all newly created Users:
and Calling Cards:
If you changed taxes you can assign this to all Users/Calling Cards by pressing buttons bellow: