Price-List Name
This is just a general name that you wish to give to the shop that you are setting up and is displayed in the price-list selection grid on the main screen for the program

Calculation Method
These options allow you to choose how the Mark-up, Tax Rates & Buy-Price of a product are calculated together to get the final selling price of a product.

NOTE: The Calculation Method is only relevant when using “Product Based” tax as when you are using “Regional Based” tax the calculation Method will always be the equivalent to Calculation Method 3.

The 3 Methods are as follows:

Method 1 – This is the default for the application and calculates both the Tax
and the Markup Rates on the Buy Price. 

i.e.  If the Product has a: 
 Buy Price of $ 130.00 
 Tax Rate of 20.00% 
 Normal Markup Rate of 15.00% 
 Reseller Markup Rate of 10.00% 
Then the: 
 Normal Tax Amount will be 20% of $130 = $ 26.00 
 Reseller Tax Amount will be 20% of $130 = $ 26.00 
 Normal Markup Amount will be 15% of $130 = $19.50 
 Reseller Markup Amount will be 10% of $130 = $13.00 

Method 2 – This method calculates Tax on the Buy Price and the Markup
Rates on the Tax and the Buy Price. 

i.e. If the Product has a: 
 Buy Price of $200.00 
 Tax Rate of 20.00% 
 Normal Markup Rate of 25.00% 
 Reseller Markup Rate of 15.00% 
Then the: 
 Normal Tax Amount will be 20% of $200 = $40.00 
 Reseller Tax Amount will be 20% of $200 = $40.00 
 Normal Markup Amount will be 25% of ($200+$40) = $60.00 
 Reseller Markup Amount will be 15% of ($200+$40) = $36.00 

Note:   For this method that for Ex-Tax prices the markup rates are just
calculated on the Buy Price. 

Method 3 – This method calculates Tax on the Buy Price and the Markup
Amount and calculates the Markup Amounts on the Buy Price. 

i.e. If the Product has a: 
 Buy Price of $400.00 
 Tax Rate of 15.00% 
 Normal Markup Rate of 20.00% 
 Reseller Markup Rate of 10.00% 
Then the: 
 Normal Markup Amount will be 20% of $400 = $80.00 
 Reseller Markup Amount will be 10% of $400 = $40.00 
 Normal Tax Amount will be 15% of ($400+$80) = $72.00 
 Reseller Tax Amount will be 15% of ($400+$40) = $66.00 

Things to Note: 
For Developer License Users - These settings are NO Longer Global unlike previous versions of the program which means that you will need to set these settings up for each Price-List that you create

Tax Rate Options
Product Based Tax:
This Option is generally used if you want to be able to tax different products at different rates or if you want to be able to calculate the tax on only the Buy-Price of the product or if you want to be able to display Tax-Included prices either instead of or as well as Tax-Excluded prices

Regional Based Tax:
This is a new feature that has been included to make it easier to setup tax for countries in which there is 1 Flat rate for a particular group of customers as well as those countries that have flat tax rates but require them to only be applied to one group of customers or require the ability to be able to charge a different rate of tax depending on where the customers come from (the US would be the Typical example)
When Regional based tax has been selected you must setup the tax regions in the “Tax Regions” setup section of this screen and should also note that the tax rate assigned to each individual product is defaulted to 0.0% (this is important for those users using the Price-List importer feature of web pricelist)

Start With Empty Price-List
If this option is checked then the new price-list will be created with an empty database otherwise it will be created with some pre-set products. This has been done as a way of helping new users with working out where everything goes etc.

Tax Regions
This section can only be modified if the “Regional Based” tax option has been selected and is used to enter the names of the tax-regions that will be displayed in the selection list that customers will select their region from as well as setting up that tax rate that will be applied for customers that fall under the region.