Tax Inclusive or Exclusive Pricing for Products Now Available in Enrollio

We’re excited to introduce a new feature in Enrollio that allows businesses to specify whether their products are priced tax inclusive or tax exclusive. This flexibility ensures that businesses follow the right tax convention based on their specific requirements, either globally or at the product level.

What’s New?

With this update, businesses can now:

• Choose Tax Settings: Specify whether product prices should include or exclude taxes. This can be done globally or individually for each product.

• Set Global Tax Preferences: Go to Payments > Settings > Taxes and configure whether all products should be tax inclusive or tax exclusive. This is managed by answering Yes or No to the question: "Include tax in prices?"

• Customize at the Product Level: While creating or editing products, users can choose to follow global settings, set prices as tax inclusive, or set them as tax exclusive.

How to Set Tax Preferences

You have the flexibility to manage tax settings in two key ways:

1. Global Tax Settings

1. Navigate to Payments > Settings > Taxes.

2. Answer the question "Include tax in prices?" by selecting Yes for tax inclusive pricing or No for tax exclusive pricing.

3. The global tax setting will apply to all newly created products unless otherwise specified at the product level.

   Note: If no global selection is made, the default setting will be Tax Exclusive.

2. Product-Level Tax Settings

1. When creating or editing a product, look for the option "Include tax in prices?".

2. Choose from the following options:

   • Follow Global Settings: The product will inherit the global tax setting.
   • Tax Inclusive: Prices for this product will include taxes.
   • Tax Exclusive: Prices will exclude taxes.

3. You can adjust this at any time if the product’s tax requirements change.

   Note: For all previously created products, the default tax setting will be "As per Global settings", meaning they will follow any changes made in the global tax settings. You can manually update individual product tax settings if needed.

Why We Built This Feature

• Compliance: Businesses have different tax needs, and this feature ensures you can apply the correct tax convention for your region or industry.

• Flexibility: By offering both global and product-level tax settings, you have full control over how your products are priced and taxed.

• Efficiency: The ability to manage tax preferences in bulk or at the product level simplifies financial management and ensures consistent tax application across your product catalog.

With Enrollio’s Tax Inclusive or Exclusive Pricing feature, businesses can now easily manage tax settings for their products, ensuring compliance with tax regulations while offering flexibility at both the global and product level.

For any questions or assistance in setting up your tax preferences, feel free to reach out to our support team!