Hi, Please can you confirm - should I include VAT in the purchase price? My selling price includes VAT but I have entered purchase price excluding VAT so the margin is too large (I wish it was that!). Should I be including VAT on the purchase price therefore?
I havent got to creating a PO yet - but when I do, does it add VAT or will that be clearer when I know what price I am inputting. Sorry I took a look but couldn't find the answer that made me 100% sure. Thank you!