Tax Inclusive / Exclusive - Documents
You may select to change the amounts to be displayed as exclusive or exclusive of Output Tax (VAT/GST/Sales tax) on all sales documents for debtors (customers / clients) (i.e. Invoices, Credit notes and Quotes) and exclusive or exclusive of Input Tax (VAT/GST/Sales tax) on all purchase documents for creditors (suppliers / vendors) (i.e. Purchase, Supplier returns and Orders).
The selling price amounts for debtor (customer / client) documents are automatically inserted in the documents when a stock item is selected.
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Please take note of whether these selling prices are entered or adjusted Inclusive or Exclusive of Tax (VAT/GST/Sales tax) on Stock items (Action ribbon), or if you adjust the selling prices in the Input → Adjust stock (Action ribbon). |
The purchase (cost) price amounts for creditor (supplier / vendor) documents are automatically inserted in the documents when a stock item is selected.
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By default, the amounts are inserted or entered (if manually over-typed) Exclusive of Tax (VAT/GST/Sales tax) on the amount column of the document lines. To enter and view amounts Inclusive of Tax (VAT/GST/Sales tax), you may select (tick) the "Default inclusive for documents" field on Stock information (Setup ribbon).
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Tax Exclusive mode
To set the Exclusive of Tax (VAT/GST/Sales tax) mode:
1.Click on the F7:Exclusive icon. 
2.The amount will change to the selected mode, and will be displayed in the transaction section, as well as at the bottom of the "Document entry" screen.
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You may press the F7 key or click on the F7:Exclusive / F7:Inclusive icons on the "Document entry" screen for unposted documents to toggle between the Inclusive or Exclusive modes. |
Tax Inclusive mode
To set the Inclusive of Tax (VAT/GST/Sales tax) mode:
1.Click on the F7:Inclusive icon.
2.The amount will change to the selected mode, and will be displayed in the transaction section, as well as at the bottom of the "Document entry" screen.