mikes1531
Member of DD Central
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Post by mikes1531 on Oct 12, 2014 18:09:28 GMT
I have on occasion used the Tax Statement tool to see how much income I've earned in a particular period. This is quick because you can set the beginning and ending dates very easily. Right now, however, it's providing a nonsensical result. I asked it how much I earned between 1/Oct/14 and 12/Oct/14 and it returned a number that is less than the interest credited to my account when the South Manchester loan was repaid last week. Am I the only one with this problem? Or is it a widespread problem? Do we need to bring this to chris's attention? |
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ianb
Posts: 161 
Likes: 54
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Post by ianb on Oct 12, 2014 18:19:09 GMT
I tried the same. I have a .xls which records monthly interest per loan, and the tax statement tool gave me about 1/3 of what I had recorded (for October 2014) so I would agree there seems a problem. (it'd be nice if the tool had an option of showing the individual loans/dates/amounts it had included so you could see exactly where the discrepancy was)
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Post by chris on Oct 12, 2014 18:40:40 GMT
I'll raise this with the developer who looks after that report.
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Post by Ton ⓉⓞⓃ on Oct 12, 2014 19:04:07 GMT
Same here it's only showing about a third of the true figure.
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mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
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Post by mikes1531 on Oct 12, 2014 19:04:32 GMT
I'll raise this with the developer who looks after that report. : Thanks. And while we have your attention... Is there a definite 'go live' date for the new website/system yet? If so, will we get any advance warning before it happens?
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Post by chris on Oct 12, 2014 19:07:52 GMT
I'll raise this with the developer who looks after that report. : Thanks. And while we have your attention... Is there a definite 'go live' date for the new website/system yet? If so, will we get any advance warning before it happens? I've been away for a week and our marketing director will be handling this.
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Post by adam on Oct 13, 2014 7:55:58 GMT
I have on occasion used the Tax Statement tool to see how much income I've earned in a particular period. This is quick because you can set the beginning and ending dates very easily. Right now, however, it's providing a nonsensical result. I asked it how much I earned between 1/Oct/14 and 12/Oct/14 and it returned a number that is less than the interest credited to my account when the South Manchester loan was repaid last week. Am I the only one with this problem? Or is it a widespread problem? Do we need to bring this to chris's attention? Good morning Mike, I am the developer responsible for the tax statement. Could you PM me your username or email address you use to login to the site and I shall take a look at the problem for you? Ton and ianb, if you could do the same that would be appreciated.
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jo
Member of DD Central
dead
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Post by jo on Oct 13, 2014 8:19:14 GMT
Me too. My capital introduced plus int received/cashback doesn't compute with Total Investment. Will PM
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Post by adam on Oct 13, 2014 9:51:53 GMT
Hi guys,
Could you all log in again and check to see if the balance is now being correctly calculated.
Many thanks.
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Post by Ton ⓉⓞⓃ on Oct 13, 2014 9:53:57 GMT
Hi guys, Could you all log in again and check to see if the balance is now being correctly calculated. Many thanks. Straight away that seems a lot better I'll just get my calculator...
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Post by Ton ⓉⓞⓃ on Oct 13, 2014 10:03:47 GMT
Hi guys, Could you all log in again and check to see if the balance is now being correctly calculated. Many thanks. Straight away that seems a lot better I'll just get my calculator... I'm going to PM you...
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ianb
Posts: 161
Likes: 54
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Post by ianb on Oct 13, 2014 10:21:24 GMT
The calculation appears 1p under what I calculated from the sum of the transactions from the statement. Just did it for this month which didn't include any cashback for me so don't know if those added in OK. I definitely think cashback should be separated from interest on the statement as theres some discussion whether this is taxable or not. I also think having the option to list the transactions would help in reconciling (but appreciate this would take longer to do).
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Post by Ton ⓉⓞⓃ on Oct 13, 2014 10:37:29 GMT
The calculation appears 1p under what I calculated from the sum of the transactions from the statement. Just did it for this month which didn't include any cashback for me so don't know if those added in OK. I definitely think cashback should be separated from interest on the statement as theres some discussion whether this is taxable or not. I also think having the option to list the transactions would help in reconciling (but appreciate this would take longer to do). I've checked mine several times the Tax Tool says I made 2p more.
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Post by Jack Barlow on Oct 13, 2014 10:41:53 GMT
The calculation appears 1p under what I calculated from the sum of the transactions from the statement. Just did it for this month which didn't include any cashback for me so don't know if those added in OK. I definitely think cashback should be separated from interest on the statement as theres some discussion whether this is taxable or not. I also think having the option to list the transactions would help in reconciling (but appreciate this would take longer to do). I've checked mine several times the Tax Tool says I made 2p more. Due to rounding of the displayed interest transaction values? The "actual" payments are now no longer rounded down, from what I understand.
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Post by Ton ⓉⓞⓃ on Oct 13, 2014 10:49:34 GMT
I've checked mine several times the Tax Tool says I made 2p more. Due to the rounding down of the displayed interest transaction values? The "actual" payments are now no longer rounded down, from what I understand. Not sure I understand, but the period we're talking about goes back to before the interest/rounding changes were made. So this bridges the two and as such I'm happy to accept a two pence error.
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