Amounts entered in Financials

Gross
The gross amount is entered.
The gross includes the tax amount. 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. 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. 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