ReSA configuration for VAT calculation , in case of franchise store
We plan to use our POS at 3rd party store and customer VAT only on the amount after commission.
VAT Payable on Sales = (Gross Sales/(1+17%)*(1-11%))*17% 17% is the VAT and 11% is the commission.
VAT Payable on Sales = (Gross Sales/(1+17%)*(1-11%))*17% 17% is the VAT and 11% is the commission.
Gross Sales |
2,000
Net sales
=
Gross Sales/(1+17%)
1,709
VAT Payable on Sales
=
(Gross Sales/(1+17%)*(1-11%))*17%
259
Commission
=
Net Sales *11%
188
Any pointers if this can be configured in ReSA?
0