(DEU) Example 6
In Germany, you must set the options for the calculation rules as:
Tax on Gross (Including Discount) - On
Discount on Gross (Including Tax) - On
The system calculates the discount and gross amounts as:
Formula |
Calculation |
---|---|
Discount Formula |
(Taxable Amount + Tax Amount) x (Discount Rate Percent) = Discount Available (1,000 + 100) x.01 = 11.00 |
Gross Formula |
Taxable Amount + Tax = 1,000 + 100 = 1,100 |