Do not divide Sale Rate with Exchange Rate

YouTube: How to Disable Division of Sale Rate by Exchange Rate in Sale Bill ?

How to Disable Division of Sale Rate by Exchange Rate in Sale Bill ?

 In this tutorial, we will explore how to prevent the sale rate from being divided by the exchange rate during billing in Logic ERP.

Accessing Sales Voucher Configuration

• Navigate to Sales Voucher Configuration.

• Select the relevant billing series.

• Locate the option labeled "Do not divide sale rate with exchange rate".

• Keep this feature disabled initially to observe its impact on billing.

Keep this feature disable to observe its Impact Billing

Setting Up Currencies and Exchange Rates

• Navigate to the Setup and Expand Set Other Account Details.

• Click on Setup Currency to manage currency settings.

• Fill in the given options as per requirement.

This picture illustrates how to do Setup of Currency.

• Configure exchange rates by accessing Setup Date wise Currency Exchange Rates:

  • Select the desired country and its currency.

  • Define the date range for which the currency rate will remain valid.

  • Define the exchange rate and USD conversion.

  • Click Refresh and Save the data.

As shown in the picture, fill in all the required fields.

• Enable the Exchange Rate Conversion column from column Lock.

To enable the column, un-tick it as shown in the picture.

Observing Exchange Rate Conversion in Billing

• Open the Sale Bill Window and enter the currency.

• Verify the product rate, which is initially set in INR in the Item Master.

• When AED currency is selected in the header, the rates automatically convert to AED.

Enabling the "Do Not Divide Sale Rate" Option

• Return to Sales Voucher Configuration and enable the option "Do not divide sale rate with exchange rate".

• This setting is used when rates are already defined in AED, preventing further division by the exchange rate.

Updating and Processing Billing

• Update the product rate from INR to AED in the Item Master.

• Proceed with the billing process.

• As observed, the sale rate now remains unchanged by the exchange rate, ensuring accurate pricing in AED.

By following these steps, you can maintain consistent pricing and prevent automatic currency conversions from affecting your sale rates in Logic ERP.