Odoo Price Inclusive For Group Taxes

INTRODUCTION

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.

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

The right formulae for price inclusive tax is as follows:

Formula = base_amount – (base_amount / (1 + rate / 100))

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

The Formulae used by the Flow of Odoo is as follows:

GroupTax = {100-(100/(1 + 9/100))} + {100-(100/(1 + 9/100))}
GroupTax = 8.25688073 + 8.25688073
Applied GroupTax = 16.5137615

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.

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

FEATURES

• Calculate correct taxes for invoices.
• Manage Include/Exclude for group type taxes in Odoo.
• Manage tax rate for group tax in Odoo.
• Fix major issue for including tax calculation(Group Type Tax) in Odoo.

INSTALLATION

1. Once you purchase the App from Webkul store, you will receive the link to download the zip file of the module.
2. Extract the file on your system after the download finishes. You will be able to see a folder named- ‘price_inclusive_tax’.
3. Copy and paste this folder inside your Odoo Add-Ons path.
4. Now, open the Odoo App and click on the Settings menu. Here, click on Activate the Developer Mode.
5. Then, open on Apps menu and click on ‘Update Modules List’.
6. In the search bar, remove all the filters and search ‘price_inclusive_tax’.You will be able to see the module in the search result.
7. Click on ‘Install’ to install it.

WORKFLOW

1. Login to your Odoo database and go to the invoicing module.
2. Now, click on the Configuration tab and then go to the ‘taxes‘ menu.
3. Edit any existing tax or create a new one; now all you need to do is enable the checkbox Included in Price and add the amount for the tax that needs to be applied.

Also Read The User Guides For The Other Modules

Odoo Accounting Excel Reports

Odoo Financial Reports By Analytic Accounts

NEED HELP?

Hope you find the guide helpful!

Please feel free to share your feedback in the comments below.
If you still have any issues/queries regarding the module Odoo Price Inclusive For Group Taxes then please raise a ticket at https://webkul.uvdesk.com/en/customer/create-ticket/

For any doubt contact us at support@webkul.com.

Thanks for paying attention!!

🙂 😌