{"id":4901,"date":"2016-05-30T15:30:57","date_gmt":"2016-05-30T19:30:57","guid":{"rendered":"https:\/\/www.inflowinventory.com\/support\/article\/4901\/?p=4901"},"modified":"2018-05-10T07:38:40","modified_gmt":"2018-05-10T11:38:40","slug":"how-do-i-set-up-included-sales-tax-pre-tax-price-in-body-of-receipt","status":"publish","type":"post","link":"https:\/\/onpremise.inflowinventory.com\/support\/article\/4901\/how-do-i-set-up-included-sales-tax-pre-tax-price-in-body-of-receipt\/","title":{"rendered":"How do I set up included sales tax (pre-tax price in body of receipt)?"},"content":{"rendered":"

If you need to show your price before tax in the body of the receipt (as in the UK) but don\u2019t want to have to calculate all your pre-tax prices by hand, inFlow On-Premise can do that for you.<\/p>\n\n

First, set up a pricing scheme for the pre-tax price:<\/p>\n

    \n
  1. Add your prices as posted to the program under a Taxes Included scheme, let’s call this scheme Normal Price.<\/li>\n
  2. Go to the Main Menu > Inventory > Product Pricing.<\/em><\/em>
    \"4901_1\"<\/div><\/li>\n
  3. Click Add Products<\/em> and select everything.<\/li>\n
  4. From the Pricing\/Currency dropdown choose <Add New..><\/em> and create a new pricing scheme; called “Sales Excl”. \u00a0Click Save & Close<\/em>.
    \"4901_2\"<\/div><\/li>\n
  5. Next we have to calculate the percentage by which your prices should be reduced (since it’s not the same as your tax percentage). \u00a0This is done using the following formula: OriginalPrice = PostedPrice * [1 \/ 1+SalesTax]\u00a0<\/strong>For 17.5% sales tax the calculation (for example) would be as follows:\u00a0\u00a38.99 * [1 \/ 1 + 17.5%]. \u00a0This would work out to the original price being\u00a0\u00a37.65. \u00a0This also tells us that the original price (pre-tax) was 85.1% of the posted price, meaning that we will need to reduce our prices by\u00a014.9%<\/strong>\u00a0in order to get the correct pre-tax prices.<\/li>\n
  6. To set your PreTax Price scheme correctly, tell inFlow at the bottom of the window to: SET “SALES EXCL” TO “NORMAL PRICE” “MINUS” “14.5%”.<\/li>\n
  7. Click Adjust <\/em>to apply the changes.<\/li>\n<\/ol>\n
    <\/div>\n
    \"4901_3\"<\/div><\/div>\n
    <\/div>\n

    When you’re done, set up taxes to calculate:<\/p>\n

      \n
    1. Go to Main Menu > Options > Settings<\/em>.<\/li>\n
    2. Scroll down to the Taxes section and click Manage Taxing Schemes<\/em>.<\/li>\n
    3. Set up a 17.5% sales tax in this window and give it a name.<\/li>\n
    4. Click “Save & Close<\/em>“.<\/li>\n<\/ol>\n\n
      \"4901_4\"<\/div><\/div>\n
      <\/div>\n

      Your sales order would finally look like this:<\/p>\n\n

      \"4901_5\"<\/div><\/p>\n

      \u00a0<\/strong><\/p>\n

      Were you looking for a way to show the product’s tax included price on your order? If so please see here.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

      If you need to show your price before tax in the body of the receipt (as in the UK) but don\u2019t want to have to calculate all your pre-tax prices by hand, inFlow On-Premise can do that for you. First, set up a pricing scheme for the pre-tax price: Add your prices as posted to […]<\/p>\n","protected":false},"author":21,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_et_pb_use_builder":"","_et_pb_old_content":""},"categories":[20,26],"tags":[46,49],"_links":{"self":[{"href":"https:\/\/onpremise.inflowinventory.com\/support\/wp-json\/wp\/v2\/posts\/4901"}],"collection":[{"href":"https:\/\/onpremise.inflowinventory.com\/support\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/onpremise.inflowinventory.com\/support\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/onpremise.inflowinventory.com\/support\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/onpremise.inflowinventory.com\/support\/wp-json\/wp\/v2\/comments?post=4901"}],"version-history":[{"count":10,"href":"https:\/\/onpremise.inflowinventory.com\/support\/wp-json\/wp\/v2\/posts\/4901\/revisions"}],"predecessor-version":[{"id":25262,"href":"https:\/\/onpremise.inflowinventory.com\/support\/wp-json\/wp\/v2\/posts\/4901\/revisions\/25262"}],"wp:attachment":[{"href":"https:\/\/onpremise.inflowinventory.com\/support\/wp-json\/wp\/v2\/media?parent=4901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/onpremise.inflowinventory.com\/support\/wp-json\/wp\/v2\/categories?post=4901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/onpremise.inflowinventory.com\/support\/wp-json\/wp\/v2\/tags?post=4901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}