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Share your ideas for improving MYOB Essentials Accounting. Vote on ideas and discuss them with the MYOB product development team.

MYOB Essentials

Item: Selling Price including GST

Feijoa

4Posts

50Kudos

0Solutions

2 Posts
User
New Zealand

Currently LiveAccounts only offers a GST exclusive Item Sell price and two decimal places for the price.

 

This causes issues like the following:

A $36 inc. GST price becomes 31.40. Which then means if I invoice for a couple of these, the invoice (GST inclusive) displays:

  • a unit price of $35.99  -  I want $36
  • a total of $71.99  -  this is neither the $72 figure I wanted nor 2x $35.99

Please add either a GST inclusive Item Sell price or 3 decimal places for GST ex.

 

Many thanks!

 

"Item Sell price including GST OR 3 decimal places"

36 Comments
CNCS
1 Post
User

Relating to this.

I vote for a TAX inclusive amount in Item.

 

AND / OR a 2 decimal place setting for the Invoice. Reason for this is

 

If I sell an item for $50.00 inc GST. It shows up on my Item page as $45.45 ex tax.

When selling this item on the invoice it shows up as $49.995 for the Unit price and $50.00 for the Amount. It is untidy.

germanbakehouse
10 Posts
Cover User

I agree with CNCS - in the item tab, please allow the price to be inclusive when creating new items. This is possible in Myob Accountright and makes it much easier and neater on the final invoices.

Experienced User LJM14
13 Posts
Experienced User

All of our items are sold to customers inclusive of GST. When setting up items in MYOB Essentials I dont have an option of setting the selling price as GST inclusive. This means I am having to work out the price excluding GST, enter this amount with 3 decimal places to get as close to the final sale amount as possible. This is not only very time consuming, its also not very accurate.

 

My issues arrise when I sell multiple items. I am having to adjust every item, on every invoice. Even when selling single items I still adjust the unit price as it doesnt look professional.

 

It is possible to have an option to enter items GST inclusive or GST exclusive? Im sure I am not the only person this is affecting.

 

Below is an example of how our invoices would appear if I didn't manually adjust each entry. The total of this invoice should be $6600.00

MYOB Invoice

MYOB Moderator Steven_M
2,000 Posts
MYOB Moderator

Hi @LJM14


Thank you for your feedback in regards to MYOB Essentials

I've merged your idea with this idea already included on the MYOB Essentials Idea Exchange.

MichellFeitosa
1 Post
Cover User

Dear MYOB Team,

 

Could you please give the optinon to register a price for an item including tax, not only excluding it, please?

 

In the Window Sales, Items, Selling details, field Sell Price has only the option for an Item price to be excluding tax.

 

An option in the de price for gst included or excluded is quite usefull when the company has no control of the sale price and all the product's price are GST included. I know we can enter the price less gst, but it is just inconvenienet and extra work.

 

 

Regards,

 

Michell Feitosa

 

 Ps. Apple's computers are the new generation and cloud software or IOS software compability is a must for the companies. IF they dont follow the new thrends they may end up the new Kodak case study.

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MYOB Moderator Steven_M
2,000 Posts
MYOB Moderator

Hi @MichellFeitosa

 

Thank you for your feedback in regards to MYOB Essentials

I've merged your idea with this similar pre-existing idea on the MYOB Essentials Idea Exchange.

Contributing Partner Tana
17 Posts
Contributing Partner

Have had a couple clients lately wondering if it's possible to change the Unit prices for an item to include GST..
As sometimes they are given the price of an item with GST included and entering this into the item will obviously give them a new total when entering a bill etc.
Obviously an easy fix by figuring out the tax and subtracting that from the price before adding the unit price but if possible to include this into the software to make things a little easier would be nice.
If the software was clever enough to know whether the unit price was GST inclusive/exclusive this should affect total amount at the enter bills etc section.
Thanks for your time. Smiley Happy

Sinca
2 Posts
Cover User

Totally agree with the previous comments, it is making me consider going back to account edge because it is just painful having the odd number and trying to round it up.

walter1
3 Posts
Cover User

Hi Guys,

 

I personally find it hard to fathom why this not an option to have GST included in the item prices.

It makes no sense. I am finding incredibly inconvenient and am having to manually enter items or alter prices on the invoices themselves.

Causing a lot of unecessary work for me.

PLEASE MYOB! change this!!

Experienced User LJM14
13 Posts
Experienced User

This was under consideration in 2014... This issue drives me insane with almost every entry! One would think it's a resonable request.... There should be an option to select if you are entering item prices including GST.