Having some issues setting up GST as a 10% tax on the net total for billing (sales). When I setup the tax as shown in my screenshot below (edit: can’t upload images as I’m a new user*) it looks OK. However when i create a sales order it calculates as 0.1% not 10% as I have specified. Even if I set the value to 1000 in the tax master it still only adds 20c on a $200 order - it should be 200 x 10% = $20.
*OK so my taxes setup is:
Name: 10% GST
Description: GST 10%
Type: On Net Total
Account Head: GST-CP
Cost Centre: Main-CP
Taxes and Charges section on the sales order shows Net Total 200 AUD, Amount of GST 10% 0.20 AUD - total 200.20.
Can someone tell me what I’m doing wrong here please.