If you are registered for VAT, you may enter your Selling Prices Inclusive of VAT or exclusive of VAT in the Edit - Stock Items menu option. If you have entered it in the inclusive column TurboCASH will calculate the exclusive amount automatically and visa versa. If you adjust the Selling Prices in the Input - Adjust Stock (Selling Prices tab) menu option, the selling prices are entered (or adjusted) exclusive of VAT. the POS Invoices will calculate and display the selling prices inclusive of VAT.

For example, if an item is sold for R(£) 114 (inclusive of VAT) - (R(£) 100 + R(£) 14 VAT) the selling prices should be (entered or adjusted) as R(£) 114.