Supplier Wise Defaults (Discounts, Schemes, Rates etc.)

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🎯 Party-wise Default Settings in Logic ERP: A Complete Guide

The Party-wise Default feature in Logic ERP lets users set default discounts, schemes, freight remarks, and more for specific parties 🏢. This boosts efficiency ⚡ and ensures consistency while processing transactions 📑. By configuring these settings, businesses can automate repetitive tasks 🤖 and reduce manual errors 🛠️. This tutorial will guide you through configuring party-wise default settings in Logic ERP, ensuring smoother operations and enhanced accuracy 🎯.

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🧭Accessing Party-wise Default Settings

1. Navigate to the Main Menu🏠.

2. Click on Setup⚙️ and then➡️ select Party-wise Settings📋.

3. Under Party-wise Settings, click on Set Party-wise Defaults✅.

This form enables users to configure default settings for parties in two modes:

• Batch Mode🗃️ – Set the same defaults for multiple parties at once, making bulk configurations easier.

• Entry Mode📝 – Set different defaults for each party individually, allowing for specific customization.

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⚡Setting Defaults Using Batch Mode

Batch mode allows users to apply the same default settings to multiple parties at once, improving efficiency🚀 and saving time⏳. Follow these steps:

1. Click on Select Parties👥.

2. Choose the Account Type – either Supplier🏢 or Customer🛒, based on the category of the parties.

3. Select the suppliers or customers to apply the default settings.

4. Define the required default values➡️, such as:

   • CD (Cash Discount) 💵

   • TD (Trade Discount) 🏷️

   • Freight Remarks 🚚

   • And other preferences.

5. Save the settings 💾 to apply them across all selected parties.

📚 Example:

If a user set a Cash Discount (CD) and Trade Discount (TD) for selected suppliers, these values will automatically apply 🧠 whenever a transaction is initiated with these suppliers, ensuring consistent and error-free entries ✅.

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🛠️Setting Defaults Using Entry Mode

Entry mode allows users to configure different defaults for each party🎯, offering more granular control🔍. Follow these steps:

1. Select the individual party for which you want to modify defaults🎯.

2. Click the Refresh🔄 button to display existing defaults (if any) for the selected party.

3. Modify or set new defaults✏️ as needed, such as adjusting discounts or entering unique remarks.

4. Save the changes💾 to apply them specifically to the chosen party.

📚 Example:

If a particular supplier has unique freight terms 🚚 or different discount rates 💸 compared to others, you can configure them separately in this mode. The system will automatically apply the correct settings when transactions are recorded 🛒, ensuring accuracy.

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🕵️‍♂️Validating the Party-wise Defaults

✅To verify that the configured defaults are applied correctly:

1. Create a Purchase Voucher🧾 for the supplier.

2. Observe the default values, such as (CD, TD, etc.), appearing automatically in the purchase entry.

3. Similarly, whatever defaults you set will be shown while entering the purchase.

4. Ensure all set defaults are reflected correctly in the transaction, confirming that the configurations are working as intended.

By performing this validation step, users can avoid potential discrepancies and ensure seamless transactions🎯.

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🏁Conclusion

The Party-wise Default feature in Logic ERP 📈 streamlines transaction processing by allowing users to configure consistent default values for suppliers and customers 🧾.

• Use Batch Mode 🗃️ to configure multiple parties at once.

• Use Entry Mode 📝 for individual customization.

By following this tutorial, you can reduce manual data entry, improve financial accuracy 💵, and make your operations more efficient 🚀.