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