This article describes how to configure the Pricing Mode in UCRM. The pricing mode enables users to define prices with or without taxes. For example, when an administrator needs to show the final price with tax included to his clients, they will use "tax inclusive pricing". Then they will provide all prices as tax inclusive value. The net price shown on the invoice will be deducted automatically afterwards.
Table of Contents
- Changing the Pricing Mode
- Tax Exclusive Pricing
- Tax Inclusive Pricing
- Decimal Places for Tax Coefficient
- Related Articles
Changing the Pricing Mode
If you switch from one pricing mode to another, you may need to manually edit prices of all existing service plans, services (with individual price), surcharges and/or products which you have defined before. . Note that changing the pricing mode will have no effect on existing invoices or services. Changing the pricing mode can affect several billing parameters, see the details below.
If you have been using a custom invoice template, you may need to update it according to the new pricing mode that you switched to.
Tax Exclusive Pricing
Prices of all services, products etc. are considered without any taxes. Taxes are calculated on top of this price. This options implies the following as well:
- You are enabled to add up to 3 taxes on each item.
- Invoices are simple, each item has just label, price, quantity and total.
- Taxes are not rounded on each invoice item, only the total for each tax is rounded.
Tax Inclusive Pricing
Prices of all services, products etc. are considered including tax. On an invoice, the taxed amount will be computed and subtracted from the given gross price. This option implies the following as well:
- You can only set one tax for each item.
- If any client or service has multiple taxes, the second and third tax will be removed.
- Invoices contain more columns for each item with tax related details, such as untaxed amount, tax rate, taxed amount.
- Taxed amount is rounded per each invoice item separately.
- You can use the "Decimal places for tax coefficient" (see below).
Decimal Places for Tax Coefficient
Tax coefficient may be used only for "Tax inclusive pricing". It is used to calculate the taxed amount and consequently, the net price from the given gross price.
You may need to round the tax coefficient by defining decimal place count. You may also leave this option blank, then no rounding will be applied to the coefficient. However, be advised that you may need to set up this option according to the legislative requirements in your country.