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.
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.
Configure Expenses
Select the Expense option.
Enter the expense details related to pricing adjustments.
Set Up Price List Configuration
Go to Price List Configuration and select the required details.
Enter the Expense Range details.
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.
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.
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.
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.
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