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Old 02-05-2005, 09:22 PM
Glyn Simpson, MVP
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Default Re: gst/vat caculation problem

This is the way it has always worked. With A VAT/GST rateof 12.5%, 8.89 is
the amount which would generate the VAT of 1.11 - which sums up to a total
of 10.00, so yes, it's correct

--
Glyn Simpson, Microsoft MVP - Money
http://money.mvps.org

Check http://support.microsoft.com/default...d=fh;EN-GB;mny or
http://money.mvps.org/faq for UK tips and fixes for MS Money. To send
Microsoft your product wishes see http://money.mvps.org/wishes.aspx

I do not respond to any unsolicited email regarding Money
"Boaz" <Boaz[at]discussions.microsoft.com> wrote in message
news:9F8DBF74-B5A2-4D2D-834D-29DA960FC13C[at]microsoft.com...
- quote -

> Can anybody tell me if the caculation is supposed to be correct, or how to
> fix it if it appears not to be working. I have 12.5 entered as gst/vat
> but
> for exapmle I put in 10.00 and it shows an amount of 1.11. Money 2005.



  #-1  
Old 02-05-2005, 08:13 PM
Boaz
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Posts: n/a
Default gst/vat caculation problem

Can anybody tell me if the caculation is supposed to be correct, or how to
fix it if it appears not to be working. I have 12.5 entered as gst/vat but
for exapmle I put in 10.00 and it shows an amount of 1.11. Money 2005.
 

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caculation, gst or vat, problem


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