Price Includes Tax

The Tax function can be used to modify the "Price Includes Tax" setting for selected products (or all available products), and/or for multiple bid sheets all at once for the selected Vendor and Market.

If a Tax Code is assigned to a product either in the Company Product Details or in the Vendor Bids screen, the rate attached to this code will be used to calculate tax on the product. Therefore, it is important to be sure that the "Price Includes Tax" selection (checked or not checked) is correct when entering and saving bid prices.

The setting selected here will override the default setting in the Vendors setup screen.

 

  1. In the Vendor Bids screen, check the box at the far left of the product list for each product for which the tax setting should be copied.  If not updating the tax setting for specific products, skip this step.
  2. Click the Tax button.
  1. In the pop-up window, check or uncheck the Price Includes Tax box for each bid sheet for which the tax setting should be updated.  If viewing only one bid sheet, this pop-up will display only a single "Price Includes Tax" check box.
  2. When ready, select one of the following options to update the tax settings for the selected Vendor/Market/Bid Sheet(s).
  • Update Tax Setting only – Updates the tax setting ONLY for vendor bids entered or imported going forward; it will NOT update the setting for any existing vendor bids.
  • Update Selected Products – Updates the tax setting for the selected products.
  • Update All Products – Updates the tax setting for all available products.

 

 

Note:  For bids where this setting is enabled, once the bid price is entered and saved, the main bid sheet window will display the bid price WITH the tax while the Bid Entry pane will display the untaxed bid price.