Setting up Price Inclusive of Taxes in Sage 300 ERP (Accpac ERP)

By | December 30, 2013

In Sage 300 ERP, you can setup prices inclusive of taxes.  In this article we will provide guidelines on setting up price inclusive of taxes.
The New Stuff : Multicurrency in Greytrix TDS
First of all you need to setup or identify the tax authority where taxes charged by authority can be included in selling price.
1) In order to configure the Tax Authority to allow tax in price; go to Common Services Module>>Tax Service>>Tax Authorities
2) Select Allow Tax in Price option. In the given example we have configured Authority State for allowing the tax in prices.

Tax1

Note: Do not select this option if you have customers who are tax exempt, because tax is not extracted from the item price. You would need to adjust the price for the customer.

3) Now you need to setup Price Lists and add tax authorities which allow tax in prices.
(Inventory Control>>IC Setup>>Price List code)

Tax2

4. Assign the price list to the desired Items.
(Inventory Control>>I/C Items and Price Lists>>Item Pricing)

Tax3

Now you are able to setup item prices inclusive of taxes.

5. For A/R Items; you need to attach tax authorities which allow tax in prices.
(Accounts Receivable>>A/R Setup>>Items)

Tax 4

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Greytrix have some unique solutions of Sage 300 integration with Sage CRM, Salesforce.com and Magento eCommerce along with Sage 300 Migration from Sage 50 US, Sage 50 CA, Sage PRO, QuickBooks, Sage Business Vision and Sage Business Works. We also offer best-in-class Sage 300 customization and development services to Sage business partners, end users, and Sage PSG worldwide.
For more details on Sage 300 Services, please contact us at accpac@greytrix.com . We will be glad to assist you.

Also Read :
1. Tax Calculation on the basis of Quantity in Sage 300 ERP
2. Item Pricing based on Multiple Unit of Measurement
3.Choosing Vendor Contract Cost over IC Vendor Detail Cost in Sage 300 ERP
4. Vendor Pricing Analysis in Sage 300 ERP
5. Create new Items by copying existing items in Sage Accpac ERP