inclusive tax calculation
Andy and Amy,
Not sure if this is a bug or not, but my accounts person and I found something funny with the calculation for inclusive tax items. When we run our sales tax report we get an included tax amount that seems to be calculated using the item total amount. So a $6 tax inclusive item with 5.5% sales tax give a tax included amount of $0.33. When the actual included tax should be $0.31.
Again not sure if this is a bug, or a limitation of RGP, or if we have just set up something wrong. Our tax inclusive items have a 0% sales tax assigned to them as recommended in settings, tax setup.
We non integrated accounting software, but we thought this could be confusing for others. Thanks for any suggestions on this. Sorry if it isn't a bug.