This section allows you to set defaults when entering new products to your catalog.
- Price includes tax
Indicates if all prices are set to include tax by default. If this option is selected, you should enter sale price with tax included. This option can be changed per product.
- Default tax rate
Sets default tax rate used when adding new product.
- Cost price based markup
This option allows you to select how prices are calculated when cost price is changed.
If this option is selected, once you change your cost price, markup will be calculated, otherwise, markup will remain the same, and sell price will be changed accordingly
- Automatically update cost price on purchase
If enabled, purchasing product with different price (price in purchase document is different then current cost price set on product) will prompt you to automatically update product cost price.