You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

miscellaneous receipt tax amount calculation - creation thru API web service

Hello,

I created a miscellaneous receipt using the TTC amount and Tax Code rate as input parameters in the API.

-The tax is configured directly at the tax rate level.

-The Tax Inclusion Method is set to Standard Noninclusive Handling.

After the receipt was created, the tax amount was calculated automatically. However, I do not clearly understand how the system calculated the tax amount.

I need to know the exact formula used to calculate the tax amount, based on the TTC amount and the Tax Code rate provided in the API.

This is critical for our reconciliation and integration process, so I would appreciate your clarification on the precise calculation logic.

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!