VAT-Inclusive Artwork Pricing
S
Spazio Nobile Staff
Currently, ArtCloud stores artwork prices as tax-exclusive amounts by default. For galleries operating in countries where artworks are always priced VAT-inclusive, this creates significant workflow challenges.
We would love to see an option allowing galleries to choose whether artwork prices are stored inclusive or exclusive of VAT. Ideally, this could be configured at the account or location level.
With this feature enabled:
Artwork prices entered in the inventory would be treated as VAT-inclusive.
Invoices would automatically calculate and display:
Subtotal (excl. VAT)
VAT amount
Total (incl. VAT)
Reports, inventory values, and invoices would remain consistent with how prices are actually communicated to clients.
This would greatly improve the experience for galleries in countries where VAT-inclusive pricing is the standard and would reduce the need for manual calculations or price adjustments when creating invoices.
For our gallery, all artwork prices have historically been recorded VAT-inclusive. Having ArtCloud treat inventory prices as tax-exclusive leads to discrepancies between our inventory, invoices, and accounting, and requires unnecessary manual adjustments.
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