Cost Price incl. or excl. Tax?

  • Resolved R. Helsdingen

    (@helsdingen)


    5 years, 1 month ago

    I’m not sure if the Cost Price on the product page is incl. or excl. Tax. Hope to hear from you so I can fill in the prices.

    And is it possible that you mention this on the product pages? Just like you did at the Margin field.

Viewing 2 replies - 1 through 2 (of 2 total)
  • Plugin Contributor Manufaktur

    (@cleijsen)

    Hi

    unfortunately it is not a simple answer, as it depends on whether you are VAT registered as a company or not and also on how you do your accounting.

    If you are VAT registered, you can ignore the VAT amounts and work on the net amounts only.
    The Cost Price, or Cost of goods sold (COGS) in our plugin represents all the expenses your company pays to manufacture, source, and ship a product or service to the end customer and typically does not include tax.

    If your company is registered, VAT is merely a business expense.

    I hope this answers your question?

    Thread Starter R. Helsdingen

    (@helsdingen)

    Hello Robbie, Thanks for your fast reply! This answers my question. I’ll start using the plugin! ??

Viewing 2 replies - 1 through 2 (of 2 total)
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