Rate Decimal

YouTube: How to Set Decimal Precision for Rates in the Sale Bill ?

How to Set Decimal Precision for Rates in the Sale Bill?

In this tutorial, we’ll guide you through the steps to customize the number of decimal places for item rates in packs and units within Logic ERP. This setting allows for greater precision when entering rates in sales transactions.

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Understanding the Default Behavior

By default:

• Pack/strip rates are limited to 2 decimal places.

• Unit rates also default to 2 decimal places.

However, this might not be sufficient for businesses that deal with high-precision pricing (e.g., pharmaceuticals, electronics, or items sold in fractional quantities).

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Step-by-Step: Enabling Extended Rate Decimals

• Navigate to the Sale Voucher Configuration.

• Select the desired Series from the dropdown list.

• Navigate to the Other Settings – 3 tab.

• Locate the option: "Rate Decimal"

• From the dropdown, select either:

  • Default

  • Packs=4. Units=7

As mentioned above, follow the given steps and select the appropriate option from the dropdown as per your requirement.

• Switch from “Default” to “4 Decimal (Packs) / 7 Decimal (Units)”.

• Click Save to apply the changes.

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Testing the Configuration

Let’s validate the new settings with a quick test:

For Packs:

• Choose a conversion factor such as strip.

• Enter a rate like 125.4567.

As you can see in the picture, the software is allowing only 4 decimal places in the Sale Rate.

• The system now accepts up to 4 decimal places for the pack rate.

For Units:

• Enter a rate such as 5.1234567.

As you can see in the picture, the software is allowing only 7 decimal places in the Sale Rate.

• You’ll see the system allows up to 7 decimal places for unit-level precision.

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Summary

By enabling this feature, you can:

• Maintain high precision in pricing.

• Avoid rounding issues in bulk or sensitive item billing.

• Ensure accurate records for compliance and audits.