Tax inclusive (Product prices already includes tax)


If the prices of the products already includes an added tax to its price already, then you would want to set the “Tax Inclusive” feature to ON.

 

Example - Tax Inclusive (ON)
Product: Headphone - $100.00
Tax Rate: 10%
Invoice subtotal: $90.91
Tax amount: $9.09
Invoice Total: $100.00

Example - Tax Inclusive (OFF)
Product: Headphone - $100.00
Tax Rate: 10%
Invoice subtotal: $100.00
Tax amount: $10.00
Invoice Total: $110.00

Tags: invoice, tax
Last update:
2015-08-21 07:18
Revision:
1.1
Average rating:0 (0 Votes)
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