What’s New?
Businesses using Connectly now have the ability to specify if their products are tax inclusive or tax exclusive to guarantee compliance with their respective tax standards.
This feature can be set for all products in the Global settings under Payments > Settings > Taxes OR on an individual product level while creating or editing the product.
On a global level, businesses have two settings options – Tax Inclusive OR Tax Exclusive, which corresponds to a Yes or No response to the question “Include tax in prices”.
If no selection is made at the global level, Tax Exclusive will be the default option. If the setting is changed to Tax Inclusive, then all future product creations will default to Tax Inclusive.
For product level settings, businesses can choose from three options – Follow Global settings, Tax Inclusive, or Tax Exclusive as responses to the question “Include tax in prices”.
All products created previously will have their default tax settings set to “As per Global settings”. This allows for easier scaling as the global settings change, the preference for these products will also change. Users can also update these individual products to be inclusive or exclusive, which will disconnect them from the global settings.
When creating a new product or editing an existing one, the tax preference can be changed to Tax Inclusive or Tax Exclusive depending on the business’ need.