Calculate S.R. Through Formula
YouTube: How to Calculate Sale Rate Using a Formula in Purchase ?
How to Calculate Sale Rate Using a Formula in Purchase?
In this tutorial, we will demonstrate how Logic ERP can automatically calculate the sale rate based on a predefined formula within the purchase voucher.
Step-by-Step Guide:
Navigate to Purchase Configuration.
Locate and enable the option: “Calculate S.R. Through Formula.”
Define the Sale Rate Formula:
Navigate to the Define Rate Formulas Other Settings - 1.
Specify the Expense Name relevant to the calculation.
Set the Base Rate, usually the Purchase Rate.
Optionally, define a default value for any expense that needs to be added or subtracted from the base rate.
Use Related Fields in Formula:
You can include variables such as margin percentage, additional costs, or discounts.
Example: If the Purchase Rate is ₹100 and a 20% margin is added, the Sale Rate will be ₹120.
Create a Purchase Voucher:
Enter the transaction details and input the basic purchase rate for each item.
The Sale Rate will now be automatically calculated based on your defined formula.
Conclusion:
This feature helps automate pricing, eliminate manual errors, and ensures consistency in sale rates across transactions in Logic ERP.
Last updated