Graham tomlinson

Hi
Does anybody know how to get the tax calculation to be worked out from the equipment total? Every report uses rounding of the individual items tax so the Tax ammount is always incorrect and doesnt look very professional.
Thanks
Graham

JordanC

Graham - I am note sure why your tax amounts are coming out incorrect. The most I have ever been off is 2 cents. Values have to be rounded because there are no algorithms to calculate infinite numbers. Taxes are rounded to 2 digits for each item, and then the tax fields are added at the end.

The only other way this can be done is by calculating the taxes at the end of the report based on the equipment total. Only the problem is that D-Tools offers 'non-taxable' option for every item in the project.

If you are achieving tax variances by more than a couple pennies, then you might want to check that all of your equipment is being taxed. Best way to do this is in the DataMatrix > Right click column header > Columngs & Grouping > Select to view the 'Taxable' field. Refresh and you should see that every line item you want taxed has a check mark.

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itsdone

I'm experiencing the same problem.
I have followed JordanC's instructions and double-checked that every single product is taxed.
The difference I've found so far (I have not been using D-Tools for long) is around 5 pence (I'm based in UK) on approx. £85k project (before tax).
The tax calculated by D-tools is 5 pence higher than it should be.
Not sure what will happen when I create much larger project.
The way D-Tools calculates Tax for the whole project seems to be incorrect.
As far as I know the accounting applications calculate tax based on the total net of the project - not based on total of taxes (rounded) of all products.
5 pence isn't obviously a huge amount but I believe it still looks unprofessional if the client picks this up. Especially if they use a professional project/cost manager.

John@OnyxTheaters

We're having the same issue.. Although we're only a couple of cents off sometimes, the person doing accounting and billing isn't too happy about having to fix it on their side everytime this happens..

I've double checked to make sure all of my items are taxable and that I have the correct tax rate.

Anyone know of a solution?

fryeguy

Are you guys having this problem using SI4 or SI5? These posts are all located in an SI4 thread...

John@OnyxTheaters

Si5.

Soundboy

I'm having the same problem. It did not start until I did the update. It also throws it off when sending it to quickbooks

arsim

Same Result here in Australia using GST for tax calculation.
All reports (and project summary within the estimating program) are consistently off by 2-7 cents (depending on size of job).

I am pretty sure this didn't use to happen before the last update.
One of our customers accounting departments caught it, and it doesn't look very professional.

Anyone got a solution yet?