The Financial and Tax Settings module is the operational core for controlling product pricing, applying tax regulations, and managing currencies and payment methods across all stores and legal entities. These settings are configured centrally to ensure financial reporting accuracy, total operational consistency, and full legal compliance.

This guide explains how to set up taxes, price lists, currencies, and payment terms step-by-step.

1. Tax Settings (Taxes)

The system allows you to create varied tax percentages (such as VAT) and define how they are calculated on products. These taxes are later linked directly to a legal entity or a specific store location.

Steps to create a new tax

  1. From the Back Office side menu, navigate to Taxes > Basic Setups.
  2. Click the Add New button to open the tax configuration form.
  3. Fill in the following fields accurately:
    1. Name: The commercial name of the tax (e.g., VAT 15%).
    2. Alt. Name: The name in your secondary language.
    3. Tax %: Enter the specific percentage rate (e.g., 15).
    4. Tax in Price: Define the tax calculation method:
      1. Inclusive: The displayed product price already includes the tax amount.
      2. Exclusive: The tax value is added on top of the product's base price at checkout.
    5. Start/End Date: Set the exact timeframe for when this tax rate is legally valid.
    6. Reference: An external reference code used to map data cleanly during integrations with external accounting systems (like SAP).
  4. Ensure the tax status is set to Active, then click Save.

2. Price Lists Management (Price Lists)

Price lists enable you to build flexible pricing strategies by creating distinct pricing structures (e.g., wholesale, retail, or distributor prices) and assigning them to specific customers or showrooms.

Steps to create a price list

  1. From the side menu, navigate to Price Lists and click Add New.
  2. Enter the core details for the pricing framework:
    1. Code & Name.
    2. Price Type: Specify whether the list applies to Sales, Purchase, or both business flows.
    3. Currency: Select the primary currency tied to this pricing matrix.
  3. Adding Products to the List:
    1. Click the + Add more button to look up and insert products into the price list.
    2. For each item, define the Retail price, Minimum price, and the specific price activation dates.
  4. Click Save.

Bulk Price Management

Use the Mark up/down option to adjust prices for a group of products simultaneously by increasing or decreasing them by a set percentage value.

The platform supports direct Export/Import actions for price lists via CSV/Excel files to simplify mass global updates.

3. Currency Settings (Currencies)

Revest comes equipped with a default database of global currencies. Administrators can manage these profiles to ensure seamless multi-region expansion and local currency alignment.

  • Accessing Settings: Navigate to General Setups > Currencies.
  • System Architecture:
  • Reporting Currency: Configured at the Group and Company level. This is the overarching currency used to display consolidated data across central dashboards and performance charts.
  • Base Currency: Defined strictly at the Legal Entity and store branch level.

Note: You can turn specific currencies on or off (Active/Inactive) to control which monetary units are available for selection in your price lists and store operations.

4. Payment Terms & Methods Management

These parameters govern the exact payment choices available to customers when settling transactions at your checkout terminals:

A. Payment Terms

  • Determines the default billing method for individual customer profiles and manages credit sales safely.
  • Navigate to Customers > Payment Terms to establish structures like Cash, Net 30, or custom rules.
  • If a B2B customer’s profile is set to a Credit payment term, the On Account option unlocks automatically on the cashier's POS screen. Transactions will then deduct directly from that client's validated Credit Limit.

B. Store Payment Methods

  • Navigate to General Setups > Payment Methods to activate your organization's accepted payment avenues (Cash, Card, Bank Transfer, Tabby, Tamara, Wallet).
  • To link these choices to a specific branch: Go to Stores, edit your target showroom, select the Payment Methods tab, and toggle the switches to control visibility for checkout staff.
  • From this section, you can configure the Refund to parameters. This maps automated refund destinations, ensuring returned capital flows back perfectly based on the customer's original payment method.