How can I account for tax in a stock order?

Objective

When creating a stock order there is a field for supply price, but no field for tax.

Setup

  • Vend for Mac or PC
  • Vend on iPad

Steps

Include the tax in the supply price for each product

  • You may choose to incorporate tax paid to your supplier into the supply price of your products

As a separate product

  • You may choose to create a 'Tax' product in your store with no tax and with inventory tracking turned off. Add this product to each stock order and enter its value as the total amount paid in tax to your supplier

Additional Information

We would recommend consulting your accountant to decide the best course of action.

How can I account for shipping freight charges when ordering stock