How do ex VAT prices work in RetailVista?

With the arrival of RetailVista version 18.2, it is also possible to work with ex VAT prices in an 'inclusive' VAT administration. This is especially useful for stores that primarily sell to consumers (and therefore maintain an administration including VAT) but also regularly sell to businesses. Because businesses are entitled to VAT deduction, ex VAT prices are communicated to them.

RetailVista has introduced 'Price Agreements' for this purpose. The screen below shows the creation of a new price agreement for delivery to 'Businesses'.

A price agreement can be linked to a customer (relationship in RetailVista). The screen below shows a relationship 'Demo ex VAT company' that is linked to the previously created price agreement group 'Businesses'.

The example article below has a standard selling price of 50 euros.

In the 'Prices' tab, it can be seen in the sub-tab 'Price agreement rules' that a gross selling price of 30 euros is applied to customers from the price agreement group 'Businesses' for this article.

By double-clicking on the rule, it can be seen in the detail screen that this price is 'Exclusive of VAT'.

By looking up this customer in RetailVista POS and selling article 270426, instead of 50 euros including VAT, 30 euros excluding VAT will now be calculated.

The receipt layout is currently still an inclusive VAT layout, because the administration is still 'inclusive VAT'. But now calculations are made based on 'Exclusive VAT' prices, which can also be seen on the receipt under the VAT specification. This now shows an amount of 30 euros excluding VAT, followed by 6.30 euros of VAT to be paid.

The ex VAT amounts are also correctly transferred to the invoicing (if delivered on account). This allows a separate invoice layout to be used for ex VAT customers. As a result, the ex VAT amount is visible on the invoice, which makes it much easier for these customers to verify.