Tax Inclusive Accounting

Tax Inclusive Accounting ensures that the customer pays for the tax as part of the total price of the item.

For instance, if a product sells for $100 at a 10% tax rate, the customer still pays a fixed amount of $100. ERPNext would Calculate $90.91 as the base of the item and $9.09 as tax.

Steps to Configure

1. In the Sales Taxes and Charges of your sales transaction (e.g., Sales Invoice, Sales Order, Quotation), find the tax row.
2. Click on the row to expand it and view more options.
3. Check the checkbox : Is this Tax included in the Basic Rate?.
4. Save the document.

Follow for more

• Go to Zikpro ERPnext Demo
• www.zikpro.com