Define Item Wise Price Lists

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Define Item Wise Price List

Logic ERP offers a powerful feature to set multiple customers, item-wise price lists, and margins. This tutorial will guide you through the step-by-step process of setting up and applying price lists effectively.

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Define the Item-Wise Price List

• Navigate to the Setup and then expand Set Other Item Details

• Locate and Select "Define Item Wise Price Lists".

• Enter a Price List Name and save it.

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Configure Expenses

• Select the Expense option.

• Enter the expense details related to pricing adjustments.

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Set Up Price List Configuration

• Go to Price List Configuration and select the required details.

• Enter the Expense Range details.

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Allocate Customers to City Groups

• Navigate to the Setup\Setup Accounts and then click "Setup Account Groups".

• Account Group: Define the account group for better organization.

• Allocate Customers to City Group: Assign customers to the city group that was created earlier for location-based pricing and margin application.

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Assign Price Lists to Item & Account Groups

• Navigate to Set Other Item Details and click on Define Party + Item Group Defaults for PL Elements.

• This feature allows defining price lists for specific account groups and item groups.

• Select the Item Group to apply the price list.

• Choose the corresponding Account Group and click Refresh.

• Add the Expense Value for the selected account group.

• Repeat the process for other account groups and save the data.

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Applying the Price List in Sales Billing

• Open the Sale Bill and select the newly created Price List.

• The system will display the adjusted sale rate based on the price list markdown.

• Press F4 on the sale rate to verify the markdown directly from the system.

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Conclusion

By following these steps, you can efficiently set up multiple price lists, customer-wise pricing, and location-based margins in Logic ERP. This feature ensures accurate pricing, flexibility, and better sales management.