{"id":266747,"date":"2020-09-05T12:11:06","date_gmt":"2020-09-05T12:11:06","guid":{"rendered":"https:\/\/webkul.com\/blog\/?p=266747"},"modified":"2020-09-05T12:11:08","modified_gmt":"2020-09-05T12:11:08","slug":"odoo-price-inclusive-for-group-taxes","status":"publish","type":"post","link":"https:\/\/webkul.com\/blog\/odoo-price-inclusive-for-group-taxes\/","title":{"rendered":"Odoo Price Inclusive For Group Taxes"},"content":{"rendered":"\n

INTRODUCTION<\/strong><\/h3>\n\n\n\n

Managing the accurate taxes are really important for everyone to avoid any kind of monetary loss. Hence, Odoo offers you perfect tax management solution to you so that you can manage the taxes hassle-freely. Talking about the taxes in Odoo, it helps you to perfectly manage the exclusive tax calculation.<\/p>\n\n\n\n

However, “even moon has scars too”<\/strong>! You may find issues in managing the inclusive tax calculation which may leads you to pay more tax then the genuine price.<\/p>\n\n\n\n

The right formulae for price inclusive tax is as follows:<\/strong><\/p>\n\n\n\n

Formula = base_amount – (base_amount \/ (1 + rate \/ 100))<\/p>\n\n\n\n

Calculating the default formulae with Base amount as 100 and rate(GroupTax) as 18% (9% + 9%) then expected tax would be 15.2542373<\/p>\n\n\n\n

The Formulae used by the Flow of Odoo is as follows:<\/strong><\/p>\n\n\n\n

GroupTax = {100-(100\/(1 + 9\/100))} + {100-(100\/(1 + 9\/100))}
GroupTax = 8.25688073 + 8.25688073
Applied GroupTax = 16.5137615<\/p>\n\n\n\n

It makes 1.2595242 difference from expected amount. Hence, it may lead you to pay more tax than that you should actually needs to pay.<\/p>\n\n\n\n

Solution to your every problem; here too, you can manage the Price Inclusive For Group Taxes that too by avoiding the miscalculations. Odoo Price Inclusive For Group Taxes facilitates you to apply the tax calculation flawlessly to avoid such errors<\/p>\n\n\n\n

FEATURES<\/strong><\/h3>\n\n\n\n