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VAT calculator

At the journal entry lines behind Amount there is a calculator available. This calculator converts the “Amount” (including VAT) to an excluding VAT amount.

Sometimes a proposed journal entry contains the Amount including VAT. To process the journal entry correctly you need to change the “Amount” to an excluding VAT value. The VAT calculator can be used to convert the including VAT Amount to an excluding VAT Amount.

Just click the ‘Calculator’ and the conversion will be executed.

TriFact365 vat calculator