This article will explain the difference in profit calculated with include and exclude taxes

I. Configure Profit Tax Calculation

Step 1. Go to setup-more menu-module

Step 2. Select the report tab

You can select Include or exclude Tax

Column

Description

Include Tax

Include tax means that the profit from the total sales + tax transaction will be reduced by the cost

Exclude Tax

Exclude Tax means that profit comes from Sales at less cost, sales + tax will not be calculated

Examples include tax

Sales+Tax(68,226)-Cost(32,089.609)=Profit(36,136.391)

Examples Exclude Tax

Sales(62,026)-Cost(32,089.609)=Profit(29,936.391)

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