Setup Commission Slabs for Sale of Ageing Stock

YouTube: How to Set Up Agent/Salesman Commission for Ageing Stock Sales?

How to Set Up Agent/Salesman Commission for Ageing Stock Sales?

In this tutorial, we will learn how to configure commission slabs for the sale of aging stock in Logic ERP. Aging stock refers to inventory that has remained unsold in the warehouse for an extended period and is tracked based on the purchase date.

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Configure Aging Stock Commission Slabs

• Navigate to the Setup Module from the main menu

• Go to Setup Accounts → Setup Agents

• Click to open Setup Commission Slabs for Sale of Aging Stock

Define Aging Parameters

• Enter the Minimum Days, which represents the minimum stock age (calculated from the purchase date) after which the commission slab becomes applicable

• In the grid below, define:

  • Slab Days

  • Commission Value, either:

    • Percentage basis, or

    • Per-unit basis

• After defining all required slabs, click Save

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Apply Aging Stock Commission During Sales Billing

• Open the Sales Bill window

• Initiate a new transaction

• While selecting the item, open the Lot Search window

• Here, you can view the purchase date of the lot, indicating that the stock is approximately 15 days old

• Complete and save the sales bill

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View Agent-Wise Commission Report

• Go to the Reports and Queries module from the main menu

• Click on Agent Reports

• Open Agent-Wise Commission on Sale of Aging Stock Report

• Generate the report

Report Output: You can clearly see that the transaction falls under the 15-day aging slab, for which a 4% commission was defined. Based on this slab, the system accurately calculates and displays the total commission for the respective agent.

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Conclusion

By configuring aging stock commission slabs, Logic ERP helps businesses incentivize agents to clear slow-moving inventory efficiently. This ensures better stock turnover, improved cash flow, and transparent commission calculations.