How to set the price of the product excluding GST

Question

I am entering a transaction and entering a sales transaction. GST is included in the price of the product, resulting in a discrepancy between my total amount and the actual amount. Is there any way to set the price of the product excluding GST

Princess_R · Answer

Hi @Bertha0628,

When you record a sales transaction in MYOB, the system will automatically calculate and add the GST to the base selling price of the item, ensuring that the total amount includes GST. If you prefer to set the price of a product excluding GST, follow these steps:

* Go to the Inventory command centre and click on Items List
* Select the item for which you want to set the price excluding GST
* In the Selling Details tab, deselect the "Prices are Tax Inclusive"

Cheers,

Princess