Click on the Gears icon and locate the Currency & Taxes settings under Basic Settings.
Sales Tax (Exclusive)
Turning the Sales tax setting to On and selecting the Exclusive type will automatically apply the sales tax to the balance based on the Sales tax rate specified. (Shown on example below)
Sales tax (Exclusive) computation shown below:
Sales tax (Exclusive) = total x sales tax rate
3 = 30 x 10%
Sales tax (Inclusive)
On the other hand, sales tax inclusive will only show sales tax amount without adding it to the balance. (as shown on the image below)
Sales tax (Inclusive) computation shown below:
Sales tax (Inclusive) = total - ( total / (100% + sales tax rate))
= 30 - (30 / (100% + 10%))
= 30 - (30 / 1.1)
2.73 = 30 - 27.27
More info about inclusive computation in depth explanation can be found [here].
You can select the preferred currency from 180 currencies currently available.
Adjust the number of decimal places to show.
Quick tip: If the decimal places selected won't show, try to do a hard refresh on your browser. The list below shows how to do a hard refresh depending on your browser and operating system.
- For Windows/Linux: hold down Ctrl and press F5
- For Mac: hold down ⌘ Cmd and ⇧ Shift key and then press R
Mozilla Firefox and Related Browsers:
- For Windows/Linux: hold the Ctrl key and press the F5 key
- For Mac: hold down ⌘ Cmd and ⇧ Shift and then press R
- Hold the Ctrl key and press the F5 key.