Description: The BUZ descriptive name.
Code: Description abbreviation, maximum of 10 characters.
Tax Percentage: This is the percentage to be applied to/ already included in the net price.
- A positive
percentage means the tax need to be added to the price quoted. - A negative
percentage means the tax is already included in the price and for sales reporting needs to be deducted from the sales value. The maths also means a 10% tax included is deducted using 10/(100+10) or 1/11th.
It may help to know that internally in BUZ, Sales is recorded excluding tax and the Tax is recorded separately.