Define Party + Company + Group/Item Wise Tax/Markdowns

YouTube: How to Define Party, Company, and Group / Item Wise Markdowns for Sales?

How to Define Party, Company, and Group / Item Wise Markdowns for Sales?

In this tutorial, we will learn how to define Party + Company + Group or Item-wise Tax / Markdowns in Logic ERP, allowing customer-specific rate reductions to be applied automatically during billing.

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Define Party-Wise Markdowns

• Navigate to the Setup Module

• Under Set Other Item Details,

• Open Define Party + Company + Group / Item-Wise Tax / Markdowns

Define Markdown in Batch Entry Mode

• Select the customer (party) from the list

• Choose the Entry Type:

  • Company + Group Wise

  • Item Wise

In this example, we are defining a Company + Group-wise markdown

• Select the required item group

• Select the company (brand) on which the markdown is to be applied

• Enter the markdown percentage

The markdown defined here will be applicable only for the selected customer. Whenever this customer purchases an item belonging to the selected brand and group, the markdown percentage will be deducted from the original rate automatically.

• Click Save to store the configuration

Verify in Entry Mode

• Switch to Entry Mode

• Review and confirm the saved markdown details

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Enable Markdown Application in Sales Bill

Before billing, a one-time configuration is required.

Configure Sales Voucher Settings

• Open Sales Voucher Configuration from the menu bar

• Select the Sales Bill Series

• Go to Other Settings – 2

• Under Multiple Price List Rate Options

  • Select Party + Item Markdown

• Save the configuration

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Verify Markdown During Billing

• Open the Sales Bill window

• Initiate a new transaction for the customer for whom the markdown was defined

• Ensure the selected price list is MRP

• Enter an item belonging to the defined brand and group

Since a 12% markdown was defined, the system automatically applies

• MRP – 12%, and the discounted rate appears in the Rate column.

• This confirms that the party-wise company + group markdown has been applied successfully.

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Conclusion

Party-wise and brand/group-wise markdown configuration in Logic ERP helps you:

• Offer customer-specific pricing

• Automate discounts during billing

• Maintain pricing consistency

• Reduce manual rate adjustments and errors