Sales tax is not correctly shown in the statistics

In rare cases, the sales tax is incorrectly stated. However, this is only a rounding error - we will show you how it occurs!

VAT example

Since in the statistics (daily/monthly/annual/total view) both the net, gross and tax amounts of the individual invoices in the specified period are added together, a difference can arise if the calculation is done manually.

The amount of this difference depends on the number of invoices issued, as well as the unit prices or tax rates, since the tax amount is rounded up or down for each invoice.

In order to have the same tax amounts as in the sales statistics, it is necessary to round up all tax amounts on each individual invoice.

Depending on the number of invoices, quantity, unit prices and/or tax rates, this “rounding error” can already occur at the end of the day.

An example: You issue 10 invoices each with a line item of €10 with 10% VAT.

Invoice

Postition

Price (gross)

Tax amount

Invoice 1

Position A

10€ (10% VAT)

0,909090... = 0,91 €

Invoice 2

Position A

10€ (10% VAT)

0,909090... = 0,91 €

Invoice 3

Position A

10€ (10% VAT)

0,909090... = 0,91 €

Invoice 4

Position A

10€ (10% VAT)

0,909090... = 0,91 €

Invoice 5

Position A

10€ (10% VAT)

0,909090... = 0,91 €

Invoice 6

Position A

10€ (10% VAT)

0,909090... = 0,91 €

Invoice 7

Position A

10€ (10% VAT)

0,909090... = 0,91 €

Invoice 8

Position A

10€ (10% VAT)

0,909090... = 0,91 €

Invoice 9

Position A

10€ (10% VAT)

0,909090... = 0,91 €

Invoice 10

Position A

10€ (10% VAT)

0,909090... = 0,91 €

Sum

100 €

9,10 €

You can see that the sum of all tax amounts that you have shown on your receipts and thus enable your customers (who may be entitled to deduct input tax) to deduct input tax totaling €9.10.

However, if you calculate your sales tax to your tax advisor at the end of the month as follows, you will get a different result:

100€ / 110 * 10 = 9.09€

This results in a difference of €0.01, which you would pay too little to the tax office in the form of sales tax.

As already mentioned, this difference depends on several factors:

  • unit prices
  • tax rate
  • number of documents
  • amount of positions

How much sales tax do I actually have to pay?

You must pay the sales tax that you show on the receipts. Since sales tax can only be calculated once in the system, is rounded commercially and is only added up for your report, you must pay the sales tax that is shown in the ready2order reports.

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