Gross to Net

Overview

For Quick Invoices and Credit Notes, we have introduced the facility to enter gross values, so Net and VAT are calculated from that (like in the quick payments).  This functionality is optional and is turned off by default.

Setting up Gross to Net Calculation for Quick Invoices and Credit Notes               

To setup Gross to Net calculation for Quick Invoices, and credit Notes, go to Settings Tab. Select Accounts» Setup option. Setup popup appears. There are two sets of settings required, one each for Sales and Purchases.  Each setting applies to invoices and credit notes on their respective sides. Select the respective settings as below and save the changes.

To set up default quantity for detailed product invoices; go to Settings Tab. Select Accounts» Setup option. Setup popup appears.

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After setting gross to net calculation in Quick Invoices and Credit notes, when a new record is added in quick invoices, the gross cell, VAT cell will be editable and the net cell will be a calculated field as below:

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