final Price, Rounding and Tax price [solved]

[sohopros]

Hi,

1. product price is 1.11 euro.
2. User buy 21 Products.
3. Tax is 21%
Calculations:
1.11 * 21 = 23.31 . Price without Tax
23.31 * 0.21 = 4.90. Tax Price.
23.31 + 4.90 = 28.21 euro. Final Price.

Setting on the Back -end:

1. If user buy 21 or more quatity price is 1.11
2. Final Price is 1.34. BUT 1.11 * 1.21 (tax) is 1.3431. But Virtuemart Round this price to 1.34!
3. In the shopping Card Virtuemart USE FINLA Price to calculate Tax and Order Price.
Calcumations:

1.34*21 = 28.14  (Order Price)
1.11*21 = 23.31 ( Product Price withiut tax)
28.14-23.31 = 4.83 Tax Price.

See attached screenshots.

Can the calculations of the TAxes be made in the Card? Not from Final Price. OR Can the final price be rounded not for 2 decimals after the coma, but more?


Please advise,
Sandra

[sohopros]

Any advise on it?

[jjk]

Why do you want to change that? The VAT calculation with rounded 2 decimals is correct and accepted in all EU countries. This is what the vast majority of businesses do. If you change that, the numbers will look weird to many customers.

[sohopros]

I want to have the correct total amount.

Virtuemart calculates final price: 28.14

But the correct Final Price is 28.21.

In my example, the difference is not big, but in the real world, the difference is huge.

[AH]

show your rounding settings in the configuration page

what type of tax are you applying to products

[sohopros]

Added Price roundings

We use VatTax

Thanks

[AH]

Thank you for the information.

My advice (as it is the settings I have used since day 1 for VAT Tax by product ) Do not round to 2 when using VAT tax - set ALL roundings to -1

Also set "Round only display"

[sohopros]

Perfect! Thanks, it worked.

Sandra

[AH]

Glad it worked for you