How do I sell items at rates inclusive and/or exclusive of tax?
To sell items at rates inclusive and/or exclusive of tax:
- Go to Settings > General Preferences.
- Under Do you sell your items at rates inclusive of Tax? select an option indicating whether you want to sell items at tax inclusive rates, tax exclusive rates, or both.
- Click Save.
When you create an invoice, if you’ve selected:
1. Tax Inclusive: The tax amount will be included in item’s rate and no additional amount will be added to the items’ amount as tax.
2. Tax Exclusive: The tax amount will not be included in the item’s rate but will be added to the Sub Total as an additional amount.
3. Tax Inclusive or Tax Exclusive: You will have both the options enabled, and you can select the one you desire while creating an invoice.