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Choosing a tax inclusive rate hint computation method

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If you are using tax inclusive pricing:

  1. In the Data Entry main window click Manage and select Settings to bring up the Configure Settings window.
  2. Click the Sales Tax/Receipt tab.
  3. Under Tax Inclusive Rate Hint Computation Method select:
  • Price - (Price / (1+ Tax Rate)):  Example:  5% inclusive tax on $10 equals $.48
  • Click Close to finish.

choosing-tax-inclusive-rate.PNG

 

Note: Tax inclusive settings do not collect sales tax. This setting simply allows for the reporting of tax-inclusive items.

 

 

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