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Tax-Included Item Pricing
I'm wondering if it's possible to program items to be tax-included.
For instance, I want my customers to pay $4.00 for a bunch of carrots (tax included). This means that the carrots actually cost $3.87 with a tax amount of $0.13 (3.475% sales tax). But I list them at $4 (tax included).
Is it possible for me to enter the total price of an item in QB with the tax included (not separate) in an invoice or a sales receipt?
For example, after I sell produce at the farmers market, I have collected cash for sales (including tax). All of my products are sold at prices with tax included. Can I enter to total amount collected and have the tax calculated from within that number not as an addition? Thanks.
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