Allow Zero Rate

YouTube: How to Enable the Entry of a Zero Basic Rate in Purchase?

How to Enable the Entry of a Zero Basic Rate in Purchase?

In this tutorial, we will explore the Allow Zero Rate option in Logic ERP, which enables users to record free or replacement items in a Purchase Voucher.

---

Enabling the Zero Rate Option

• Navigate to the Purchase Configuration.

• Locate and enable the option labeled "Allow Zero Rate."

• This feature is particularly useful for handling free items or replacement products received from suppliers.

Let's Keep this feature enable to observe its impact on billing.

---

Creating a Purchase Transaction with a Zero Rate Item

1. Open the Purchase Voucher window.

2. Enter a purchase transaction with the following:

   • One normal item (purchased at a standard rate).

   • One free or replacement item (for which a zero rate is required).

3. In the Basic Rate field of the free item, leave the rate as zero.

---

System Behavior for Zero Rate Items

• When the Basic Rate is set to zero, a dropdown list appears automatically.

• Select the appropriate reason for the zero rate (e.g., sample product or promotional item).

• Since this item is received free of cost from the supplier, its value will not be included in the final bill amount.

As you can see in the image above, as soon as the basic rate is entered as zero, a dropdown appears.

---

Benefits of Using the Zero Rate Feature

Accurate Purchase Records – Ensures correct documentation of free or promotional items. Seamless Accounting – Excludes free items from total bill calculations. Better Inventory Tracking – Clearly differentiates between paid and free stock.

By following these steps, you can effectively manage free or replacement items in Logic ERP, ensuring proper accounting and inventory control.