Why is the Tax Report not calculating the tax total correctly?

Question

When I multiply the revenue by the tax rate I get a different tax total than what the report is displaying. Why? 

Setup

  • Vend for Mac or PC 
  • Vend on iPad  

Answer

The revenue shown in the Tax Report is tax inclusive so multiplying this amount by the tax rate will not give you the same tax total as the report which was calculated using the tax exclusive revenue. 

Additional Information

  • You can view your tax exclusive revenue in the Sales Report then multiply that by the tax rate to obtain the same tax total as the Tax Report.
  • Reporting in Vend