VAT amount is incorrect

Business Central/NAV User Forum
1

Dears,

I am using the VAT in the journal lines; when I put an absolute number BC showing wrong VAT amount the VAT is 5% and the example is 1000 means the VAT should be 50 but the amount shown in VAT is 47.62

If I used another amount like 255 it will show the correct VAT amount.

Please help.

Thanks

Mahmoud

2

In the Purchase Invoices, it’s working perfectly.

I faced this error before and solved but forgot how to solve, please help with many thanks

The reason for recording that in General journal, because this is a bank charge and the bank charges in my country have VAT 5%.

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3

Do you want to share screen shot where the VAT is wrong?

4

Thanks in advance

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5

check the VAT posting setup for standard-domestic if its 0.5% there

6

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I remember this error is coming from rounding issues and Currencies.

7

Good morning

Any hope to solve this problem

Thanks to all for support

8

there is no problem 21,000 is total include VAT. so excluding vat amount will be 20,000 and vat is 1,000 which is correct.

9

What problem? You VAT Amounts are correct in all your examples. 5% of 20000 = 1000, 5% of 21000 = 1050

10

Thank Mr [mention:61b2aa9ce72e429baa1ef43208ddbea4:e9ed411860ed4f2ba0265705b8793d05] this was solved, in the Journals, we need to fill the amount ( Incl. VAT) not like the Sales/Purch. Docs. we can switch beteween Amounts Incl. or Excl. VAT