Move Rate - Rate Diff to - 1

YouTube: How to Save Original Quoted Rate in Special Rate Column for Rate Differences in Purchase ?

How to Save Original Quoted Rate in Special Rate Column for Rate Differences in Purchase?

This tutorial will walk you through the steps to track and manage rate differences between quoted and charged rates during purchase entry in Logic ERP, using the "Move Rate - Rate Difference To" feature.

Configure Purchase Settings

• Navigate to Purchase Configuration and then click on Other Settings 3.

• Locate the “Move Rate - Rate Difference To-1” dropdown.

• Choose the column where the rate difference will be stored, such as SP Rate 2.

• Set the Rate Diff Parameter (defines how the comparison will be calculated).

As mentioned above, follow the given steps and select the appropriate option from the dropdown as per your requirement.

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Enable the Rate Column

1. Go to Setup Column Attributes.

2. Enable the column selected earlier (SP Rate 2) so it becomes visible in the purchase voucher.

As shown in the image, enable the "SP-Rate-2" column.

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Create a Purchase Voucher

• Start a new Purchase Voucher.

• Retrieve the Purchase Order for which the item rate is pre-defined.

• Suppose:

  • Quoted Rate = ₹720

  • Charged Rate = ₹800

• The system will prompt: “Rate difference of ₹80 detected.”

• Click Yes to confirm and mark the item.

• Save the voucher.

As shown in the picture, the software has displayed a prompt for the rate difference.

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Review the Recorded Rate Difference

1. Reopen or modify the voucher.

2. Check the SP Rate 2 column:

   • It will display the original quoted rate (₹100), storing the difference for future reference.

This picture shows the original quoted rate (₹100) being displayed, with the rate difference stored for future reference.

Conclusion

This feature provides:

• Transparent tracking of rate discrepancies.

• Flexibility to store original rates for comparison.

• Better data visibility in custom-defined columns.