Knowledge Base

Tax Inclusive Accounting

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  • February 7, 2024

Tax Inclusive Accounting

Use Case: Implementing tax-inclusive pricing involves including the sales tax in the item’s total price paid by the customer.

For instance, if an item is priced at $100 with a tax rate of 10%, the customer pays a flat $100, with $9.10 collected as tax. To set this up, follow these steps:

  1. Navigate to the Sales Taxes and Charges section and locate the relevant tax in the table view. Expand the corresponding row.
  2. Enable the “Is this Tax included in Basic Rate?” checkbox.

The system will then calculate the tax accordingly.