For users of the TourCMS tour operator ecommerce platform

Selling at Net Rates

Hi Alex,

In this blog post - http://community.tourcms.com/profiles/blogs/5th-july-2009-big-updat... - you talk about being able to sell at net rates (One of the last bullet points) being something that you were looking at.

Did this ever get actioned?

It's just with the change in UK Vat law around TOMS VAT opt in/out we are having to try and tie up our accounts system with tourcms invoicing and ideally need to invoice wholesale customers at the net rate rather than normal selling price less commission.

I may have missed the release note somewhere but can't find anything about this functionality being rolled out.

Cheers

Neil

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Replies to This Discussion

Permalink Reply by Alex Bainbridge on June 15, 2010 at 10:46am

Hi Neil

Umm - we have done some of the foundation work for this - but never quite completed it

How do you want this to work?

a) Take the sale price, take the agent commission, subtract the commission from the sale price - and use that as your sale price in TourCMS and record it as zero commission?

i.e. you load a sale price of 100 GBP and 10% commission. The booking records it as a 90 GBP booking with 0% commission

b) Something associated with the loaded cost prices?

Would (a) work?

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Permalink Reply by Neil Lapping on June 17, 2010 at 8:46am

Hi Alex,

I would like it to work as in detailed in option a.

The reason it has becomce important is because of the change in TOMS VAT treatment of wholesale sales which are no longer allows us to opt-in all sales to TOMS. We therefore have to seperate out inbound business where we are not acting as the principle and account for VAT in the normal way.

Previously we have lumped UK agents and EU/ROW Principles all together but would now prefer to treat EU/ROW principles differently as we only invoice them for the NET rate not gross less commission.

So an example would work as follows:
Sale price: 100
Principle "agent" discount: 10 (previously accounted for as commission)
Net price: 90 including VAT - (Which is what we generate the invoice for)

It is possible for us to make an adjustment but being able to sell at net rates as in (a) would be great as it means our TourCMS sales figures and Accountancy Package figures match up and I don't have to do all the adjustments every month.

Cheers
Neil