Microsoft Office Accounting with Tax Inclusive pricing

[maffp]

Hi!

I have the MOA trial version and all seems pretty good. Except one big thing: All my goods prices include VAT by default (I own a retail shop) so when I add a stock and enter the sales price I mean it to be VAT inclusive. MOA wants to add the specified VAT rate onto the goods. Unless I can change this then the software is useless to me because I can't be working out the price before tax for every product I add.

Cheers!

 

[CassioAcc]

There is a box to tick when you enter the stock called " show prices with VAT" - tick this.

 

[maffp]

Hi!

Cheers for the reply. Unfortunately I don't see that box. Could you describe where it should be for me? I have the product "Stock" window open but it's not there.

Cheers!

 

[maffp]

I've looked at the windows Invoices and Sales Orders and It's not there either. I understand it's supposed to be near "EU Vat axempt customer) but it isn't there. ANy ideas why???

 

[CassioAcc]

Under suppliers enter a new purchase invoice. When you enter the stock item and enter the price / quantity - at the bottom of this screen is the option (tick box).

 

[CassioAcc]

Check your company prefs and make sure the VAT option is selected.

 

[maffp]

Hmm. I found it now under purchase invoices. However, I need that option for Invopices/Quotes/Sales Orders. When I invoice my clients I want the VAT to be already included in the Sales Price. Is this not possible? This seems really strange.

 

[CassioAcc]

Why can't you enter the sales price for the stock as pre tax? All you need to do is
Sales Price/1.175 - not really that time consuming.

 

[maffp]

Is that the only way then do you think?

I know when I bulk add the products to start the stock inventory it will be easy because I can just do a formula on the prices I'll be importing from excel files.

My main annoyance is that I'll be adding prices on the fly (whilst serving customers) and don't want the added time of having to work out the exc. vat price every time.

Hmm... I'll have to decide whether I would be happy with this setback for ease of integration you get with MS software.

Thanks for your help!