VAT and payment options
Hi Guys
I know that in the US prices are quoted VAT exclusive but in Australia we Quote prices to customers as VAT inclusive. Our parts resellers (suppliers) will quote prices VAT exclusive but in general we always quote VAT inclusive to our shop customers.
After fully using the system for a whole 3 days I anticipate that i will definitely need to have some options for listing prices (cost price and Retail prices) as either VAT on or VAT off. That's not to say that our services and parts we buy and sell wont include VAT because all our transactions include VAT regardless.
The options I am talking about is to be able to enter prices for retail that are VAT inclusive. For example in my inventory i have a product call Standard reinstall which retails for $49 VAT inclusive. But i have to enter it with a VAT exclusive price resulting in a VAT inclusive retail price of $48.99. Consequently I have created an inventory item(s) called rounding 1 for 1cent up and rounding 2 for 1 cent down. As you can see this will get extremely tedious.
So if its possible can we have two columns to enter retail prices where if we enter a price for a part or service as VAT inclusive then the VAT exclusive price is automatically calculated and vice versa? This option would also be handing for price cost too.
This would be handing because when i went to print a label for a product i sell, the label price is VAT exclusive. And as stated earlier the convention in Australia is to quote prices as VAT inclusive.
Just to let you know i am thoroughly impressed by all the modules and tools of repairshopr. I have a few colleagues who also run repair shops and will definitely recommend repairshopr to them. I believe they will see the value of your program and join immediately. If you could incorporate VAT inclusive pricing it will definitely make it more practical.
And just as a last feedback idea. It would be very useful if we could incorporate the ability to customize payment types much the same way we have the ability to add different status to tickets with the default being cash payments. The idea would then be to link payment types to registers. Obviously the default register for cash payments will be for Cash Register.
I think this a good option from an accounting point of view. For example we have a cash register as well an EFTPOS terminal at the shop. I am not sure if its called EFTPOS in the US but in Australia it means Electronic Funds Transfer Point of Sale. Bascially it deposits all card transactions into a nominated bank account. The idea is to be able to create a payment type called EFTPOS and to be able to link it to a register called CASH at bank which will always have a float of zero $. This will make reconciliation a lot easier at the end of the day and to account for payments going into the bank.
Well thanks for sticking with me to the end and I truly hope that these are ideas worth following up. Kind Regards, new to RepairShopr - Thai.
We have a beta ready of this, looking for a brave soul to try it out with us and see how it goes!
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Jarred Casselton commented
This just started working, no option to enable. truely amazed by the development of this product!
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Jarred Casselton commented
http://feedback.repairshopr.com/knowledgebase/articles/335793-invoice-settings
- this feature is not present in current version, it appears -
Jarred Casselton commented
has this been implemented? can't find it.
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MoreCom commented
Any news on this Troy? Very interested in implementing Tax inclusive pricing on our system - at the moment we need to recalculate our pricing at the POS which is working OK but a bit tedious. I'll be a guinea pig if you like!