How Tax-inclusive Pricing applies to you
Tax-inclusive pricing, or TIP, allows users to show the final price of one item rather than the pre-tax price. In Even Temple, TIP can be handled at both the invoice/document level as well as an account-wide default.
*Note, when global settings are modified this will not affect previously created invoices and documents.
You will have the option to Use tax inclusive pricing by default throughout Event Temple.
Select Settings on the left-hand sidebar
Under Organization, Click Preferences
Under Menu Item, Click Edit
Select whether to Use tax-inclusive pricing by default
Click Save
Ticking the box means all new invoices generated will default to TIP as well as other settings in Event Temple, however, this can still be customized, if necessary on the individual invoice or setting as needed. Further, when the box is checked, applied taxes and service fees are incorporated into invoice/menu item-unit prices, line totals, and the invoice subtotal.
Tax-Inclusive Pricing on Menu Items
Tax-Inclusive Pricing on Menu Items
When editing a menu item price you'll have the option of setting the price pre-tax or tax-inclusive. Note: The option will default to your Organization setting
Tax-inclusive Pricing On Invoices
Tax-inclusive Pricing On Invoices
Within Invoices you'll have the option of setting the price pre-tax or tax-inclusive.
Note: The option will default to your Organization setting
When disabled, the invoice items will display in the traditional form;
When enabled they'll look like this;
Notice how the Tax Label is traditionally grey and contains a "+". On the TIP invoice, the "+" is dropped and of course, the color has changed to blue.
Further differences are present when totaling up the charges.
Tax Exclusive;
Tax Inclusive enabled;
Tax-inclusive Pricing on Documents
Tax-inclusive Pricing on Documents
The menu item document element feature gives you the option of displaying your menu items with tax-inclusive pricing or without. Note: When adding this element to a Document, the option will default to your Organization setting
When inactive it will display in its classic form. Notice it shows the Line Total + tax.
Once activated, it will display like this;
