- | # Amounts entered in Financials Gross The gross amount is entered. The gross includes the tax amount. ERP LN calculates the tax amount and the net amount.
  Example of Gross amount
  Tax rate | 16
  Entered gross amount | 232
  Calculated tax amount | 232*16/116 = 32
  Calculated net amount | 232 - 32 = 200
- Net The net amount is entered. The net amount does not include the tax amount. ERP LN calculates the tax amount and the gross amount.
  Example of Net amount
  Tax rate | 16
  Entered net amount | 200
  Calculated tax amount | 200 * 16/100 = 32
  Calculated gross amount | 200 + 32 = 232
- Gross over Hundred The gross amount is entered. The gross amount does not include the tax amount. ERP LN calculates the tax amount and the net amount.The tax amount is calculated as a percentage of the gross amount. In some countries this method is used for travel and accommodation costs.
  Example of Gross over Hundred amount
  Tax rate | 16
  Entered gross amount | 232
  Calculated tax amount | 232 * 16/100 = 37.12
  Calculated net amount | 232 - 37.12 = 194.88