YouTube: How to Configure Rate Difference calculation in Purchase ?
In this tutorial, we will explore how to define criteria for rate difference calculation in Logic ERP. Various parameters are available in the configuration, allowing you to determine how rate differences are calculated and displayed.
Open Purchase Voucher Configuration from the menu.
Navigate to Other Settings 2.
Locate the option labeled "Rate Difference As" in the drop-down list.
This list includes multiple parameters that define how the rate difference is calculated.
Now, let's create a new purchase voucher to see how the configured rate difference works.
Retrieve the Purchase Order (PO) in the voucher.
Suppose the rate quoted in the PO was ₹1,000, but the rate charged in the purchase voucher is ₹1,100.
The software will automatically generate a prompt displaying the rate difference of ₹100.
This amount represents the difference between the quoted purchase order rate and the charged rate, as defined in the configuration.
By using this feature, businesses can efficiently track and analyze rate variations, ensuring transparency and accuracy in purchase transactions. This functionality helps maintain proper cost control and adherence to predefined procurement rates.
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