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How Can I Change Item Rate Calculation to Inclusive/Exclusive?

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Certainly! Munim Accounting & Billing software provides flexibility in adjusting item rate calculations to meet your preferences. Here’s how you can make this change:

1. Navigate to Invoice Settings:

  • Go to “Settings” in Munim. Within Settings, select “General Settings

2. Choose Invoice Section:

  • Under General Settings, find and click on the “Invoice” tab.

3. Adjust Item Rate Calculation:

  • Locate the “Item Rate Calculation” field within the Invoice section.

4. Choose Rate Type:

  • You have the option to switch between “Inclusive GST” or “Exclusive GST” rates based on your preference.

5. Save Changes:

  • After making your selection, remember to Save the changes.

6. Effect on Invoice:

  • After changing the Item Rate Calculation method, you will be able to see the difference accordingly while creating a Sales Invoice.

By following these steps, you can easily customise how item rates are calculated during invoice creation, ensuring that Munim adapts to your specific invoicing needs.

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