Hello, My accountant has asked me to produce a report where the sales are shown as before tax, tax percentage, total sale. Since my catalogue is configured to have the tax included in the articles when I generate the report Gross and Net profit are the same amount, is there any way of showing the price of the sales and articles before the tax is applied? this is a major feature for VAT liable business.
Any help with this will be greatly appreciated.
Hello there Loyverse Lovers, i have search for over one week now to setup my taxes in Loyverse.
i'm not the smartest person and Belgium is not the best about taxes.
Is there a tutorial that explain it for me from the beginning please?
Add an item and setup the VAT and then the dining options please. Can someone please give me a movie from that please?
Some of the items that we buy from the supplier has VAT (added separately). But in the advance inventory management, there is no field to input the VAT.
Is there some way we can input this field?
We cannot simply add the VAT to the cost as we need to pay the government the VAT difference so this field has to be separatd.
In our retail shop we are used to choose a selling price including VAT, but a purchase (Cost) price without VAT. Is this possible in Loyverse?
When we set the Taxes to "Added to the price", we have to enter selling and purchase price both without VAT. The margin calculation is correct, but is not practical because we want to have rounded selling prices.
When we set the Taxes to "Included in the price", we have to enter selling and purchase price both including VAT. The margin calculation is still correct, but this is not practical because our suppliers give the prices without VAT.