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Tax Inclusive Pricing

Hello,

We have a customer that wants to do Tax Inclusive Pricing. Meaning that they want to charge TAX of (8.25% Los Angeles, CA) but they want the system to back calculate the price so it?s an even number.

Example:

They want a pair of sun glasses to be $100.00 even INCLUDING TAX. So if the glasses cost 92.38 + 8.25% tax it will be $100. They want to enter in $100 in the price field instead of back calculating the price themselves; they want RMS to do it. Does RMS have such mathematically capabilities? We sell other POS software for restaurants that have this feature.

Formula is Price Divided by 1.0825 = Price before tax. I tried a SQL query but that only works the first time, after that it will start modifying the already modified ones.

Any ideas?

Reply to
Haik
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in manager

Go to configuration and then the sales tax tab, set tax to be VAT/Tax inclusive.

Make sure the other standard settings for tax are set for the item and if you want it to show on the reciept or not, and walah you are now selling items tax inclusive.

Close and reopen all existing POS stations and set prices accordingly, RMS well seperate out the taxs.

Reply to
maurice

Hi Maurice,

Is there a way for us to distiguish at database level that states or flags whether the tax is inclusive or exclusive for a specific transaction?

Best Regards, Nikki

"Maurice @ ARS" wrote:

Reply to
Nikki

It would be easier to create a customer that is tax exempt and assign the transaction to that customer when needed.

Reply to
maurice

Hi Maurice,

What I mean is let say I configure Tax on RMS Store Ops to be Tax exclusive, then process a transaction (let say #A100). Then, I realize it should be Tax Inclusive so I switched it to VAT on the Configuration and process another transaction (let say #B100)

When view both transactions at the Database level, is there a way to tell instantly which one is tax exclusive and which one is tax inclusive? (other than compare the total & tax amount)

Thanks, Nikki

"Maurice @ ARS" wrote:

Reply to
Nikki

Nikki,

Can you explain why you do this, you may be able to track that way with a reason, the only thing that shows a difference when using VAT/Tax Inclusive is the price change of the item.

Reply to
maurice

Maurice,

We actually bring transaction details from RMS into other ERP system. Since it's VAT vs. Tax Exclusive, we need to know when to bring in the right SubTotal (calculated on the fly)

Best Regards, Nikki

"Maurice @ ARS" wrote:

Reply to
Nikki

Reply to
aimerfeel Linge

My Steps were for RMS not for office accounting.

Reply to
maurice

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