Q: Why do the VAT figures in my Xpos Cloud reports differ from my own calculations?

A: VAT in Xpos Cloud is calculated as a sum for each transaction, not on the total sales for a period. This can sometimes lead to a small difference of a few pence when compared to a manual calculation done on the total sales figure.

Example:

• Total sales in Xpos Cloud: £9,461.26
• VAT as calculated by Xpos Cloud (sum of each transaction's VAT): £1,577.13
• Manual VAT calculation on total sales (£9,461.26 at 20%): £1,576.88

The difference of 25 pence is due to the per-transaction calculation method used by the system.