Prices including VAT

In Profit the default way in which you record sales prices and rates is excluding VAT, however, it is possible to record these prices and rates including VAT.

This functionality is also available in Profit Order management and in the Course invoicing.

Note:

If you have the accountancy licence for Hours/Declarations, you cannot use this functionality.

Preparation

• Configure prices including VAT

Procedure

• Manual project invoices including VAT

  When you add a manual project invoice, Profit looks at the various settings.

• Cost estimate including VAT

  You determine per sales contact whether you use sales prices including or excluding VAT. This setting also applies to new cost estimate lines. In the cost estimate you can then deviate from this setting.

• Actual costing including VAT

  You determine per sales contact whether you use sales prices including or excluding VAT. This setting also applies to new cost estimate lines. In the cost estimate you can then deviate from this setting.

• Drafts and automatic project invoices including VAT

  For drafts and automatic project invoices Profit uses certain rules in the case of prices including VAT.