Set Party Wise Defaults & Party + Item Wise Defaults

YouTube: Party Wise Defaults

Party Wise Defaults

In this tutorial, we’ll explore the Party Wise Defaults feature in Logic ERP, which helps automate discounts, rates, and other values during billing—saving time and ensuring consistency.

---

Open Party Wise Defaults

• Navigate to the Main Menu.

• Navigate to Party Wise Settings.

• Open the Party Wise Defaults option.

---

Available Modes for Defining Defaults

Party Wise Defaults can be configured using two different modes:

Mode 1: Batch Mode (For Bulk Setup)

• Select Batch Mode.

• Choose the required Accounts/Parties from the search list.

• You will see multiple default options such as:

  • CD (Cash Discount)

  • TD (Trade Discount)

  • Other applicable defaults

• Enter the required discount percentage or value.

• Click Save to apply defaults for all selected parties at once.

Mode 2: Entry Mode (Individual Party Setup)

• Select Entry Mode.

• Choose the required Party.

• Click Refresh.

• Define default values party-wise, individually.

• Save the changes.

---

Verify Party Wise Default in Sale Bill

• Open the Sale Bill module.

• Select the Party for which the default CD was defined.

• Transact an item.

• You’ll notice the Party Wise Default Discount is applied automatically.

---

Party + Item Wise Defaults

In addition to party-wise defaults, you can also configure Party + Item Wise Defaults from the same section.

Party + Item Wise Default (Batch Mode Example)

• Select Batch Mode.

• Choose the required Accounts/Parties.

• Select the relevant Items.

• Define the Default Rate for the selected item

  • Example: Rate set to ₹1,555.00

• Save the configuration.

Verify Party + Item Wise Default

• Go to the Sale Bill module.

• Select the same Party.

• Transact the Item for which the default rate was defined.

• You’ll observe that the sale rate is automatically picked as ₹155, exactly as configured.

---

Conclusion

The Party Wise Defaults feature in Logic ERP ensures:

• Faster billing

• Automatic application of discounts and rates

• Reduced manual errors

• Flexible control using Party-wise and Party + Item-wise configurations