<< Click to Display Table of Contents >> Navigation:  Sales and stock > File administration > Products > Basic information > Price incl. or excl. vat

Price can either be entered incl. vat or excl. vat.  When a price excl. vat is entered into the appropriate field, the system is able to calculate the price incl. vat based on the vat group chosen.  

If a vat group has not been chosen, the price incl. vat will not be calculated.  

 

If Price incl. vat is entered appropriately and a vat group has been selected, the system will then calculate the price excl. vat (Vice versa, if the price excl. vat has been entered first, the system will always calculate the price incl. vat.). This applies both for retail price and wholesale price.

 

If a company is doing both retail and wholesale (modify by the setting: Admin>File Administration>The company) there are fields for both types of prices. It is also possible to have only retail price, only wholesale price or both for one product.  If both prices are entered, the the specific customer definition will decide which price he/she will get.  If either retail or wholesale price is entered, all customers will get that price independent of the customer’s definition.