How to enable Auto Rate Fix in Purchase Entry?

How to enable Auto Rate Fix in Purchase Entry?

Auto Rate Fix in Purchase

Purpose: 

In purchase entry with respective to cost of the item we can able to make "Auto Rate fix for the item" So every time there is no need of  Fixing rate rate for all the items. It will reduce the time of fixing selling rate for all the item. Will reduce the time of fixing selling rate for all the item.

 

Real Time Scenario: 
During the purchase entry when any supplier load the items and enter the cost price, it will be very difficult for him to calculate and put up the selling price for each and every item when he is doing purchase entry of more than 50 items at a time. By this feature shopkeeper can set an auto rate for selling so that he doesn't need to do manual calculation and can have control over his profit.

Benefits
  • Will reduce the time of fixing selling rate for all the item 
  • If we have fixed "mark up selling" then no option of selling the item in Loss  

Step for Auto Rate Fix in Purchase :

  1. Click Inventory > Price level/fixing >Markup/markdown New 
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               2. Markup/markdown New   screen i s displayed.
          3.In that screen select the Item Distributor name , Round off type , Round off value 

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                      4.Now select the item which need to made with Auto Rate Fix  by pressing ENTER key 
                       5.Load the item  from LOV 
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                          6.Now select the item based  on" Mark up or Mark down "  ," selling based on" ,"amount or perc ".

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           7.Now press F6  to save the auto price fix
           8. Now Open the Purchase screen  > Local config key > enable a Config called as "Auto price Fix "

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              9.Now load the item which is mapped in price Fix 
           10.If you Load the item with out qty It will show the original selling price Once loaded with the qty Auto price fix will get activated.

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             11.  A confirmation message is displayed under the Item  and cost also will get reflected as per the Auto Rate Fix.

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