You may select to change the amounts to be displayed as exclusive or exclusive of VAT on all documents for debtors or customers (invoices, credit notes and quotes) and documents for creditors or suppliers (purchase, stock or goods returned and orders).

The amounts for customer or debtor documents are automatically inserted in the documents when a stock item is selected. It is important to take note of whether these selling prices are entered or adjusted Inclusive or Exclusive of VAT on the Edit - Stock Items menu option, or if you adjust the selling prices in the Input - Adjust - Stock (Selling Prices tab) menu option.

You will need to select the Inclusive or Exclusive mode, depending on whether the selling prices are reflected inclusive or exclusive of VAT in the Stock Item master files.

 

To Set the Inclusive or Exclusive of VAT Mode:
Click on the speed button or icon or press the key on your keyboard. The button will change to reflect the Inclusive mode. If you press click on the speed button or icon or press the key again, the button will change to reflect the Exclusive mode.




The amount will change to the selected mode and will be displayed at the bottom of the Document Entry - Details screen.

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This option should be used with caution, since it may have an effect on the gross profit (Sales less Cost of Sales) or the purchase price of purchase documents.