Sometimes you need to calculate the base amount excluding the tax. This tool helps you to calculate base amount from the total amount.
Calculate Base Amount Explained
For example: you have a total amount of Rs. 11500 which you sold 2 products and the tax is calculated based on 15%. To get the base amount excluding the tax amount for each unit sold, you need to enter the quantity (i.e. 2) first and then total amount (10500) and then the tax (15) percentage.
Now the tool will tell you the base amount for each unit that is Rs. 5000. That way you can create your income and expense records.
Hope this tool comes handy to your Accountants.
This is tool is exclusively provided in the Online Invoicing Script
If you still have any query, don’t hesitate to ask our support team which is available 24×7.