What are the configurations for calculating selling price during the purchase?

What are the configurations for calculating selling price during the purchase?

Selling Price calculation
There are options to auto-apply the pre-defined MarkUp/Down in the purchase (or) to calculate the selling price at the time of making the purchase

Config:
Purchase >> Selling rate config for purchase >> MarkUp/down - regulate sales config

Select from the following options:
1. MarkUp/MarkDown
2. Selling Config (Perc)

1. MarkUp/MarkDown:
Select MarkUp/MarkDown to automatically apply the MarkUp/Down set using the MarkUp/Down screen. After loading the item, the selling price is automatically calculated based on the purchase price or landing cost or MRP that has been already defined.

2. Selling Config (Perc):
Select Selling Config (Perc) to give the selling price for each line item at the time of making the purchase entry. While selecting an item, a pop-up screen is displayed to enter the selling price percentage for the selected item. You have to enter the selling price percentage manually for each line item one by one. Use this option if you want to provide different selling percentage for the different items. The selling price is calculated either based on the Purchase price or on the landing cost and not based on the MRP.

Config:
Purchase >> Selling rate config for purchase >> Purchase rate
(or)
Purchase >> Selling rate config for purchase >> Landing cost

3. To round-off the selling price:
A confirmation message is displayed to round-off the Selling Price or to keep the accurate rate as the Selling Price in Purchase

Config:
Purchase >> Selling rate config for purchase >> Ask round-off rate or accurate rate for selling price
Purchase >> Common Settings(Purchase / Receipt Note / Purchase Order >> Enable automatic round off of selling price
Purchase >> Common Settings(Purchase / Receipt Note / Purchase Order >> Selling price to be rounded off to(Rupees)

4. Setting Distributor-wise margin%

You can set distributor-wise margin%, it will be applied for all the items of the distributor at the time of purchase. Use this option to apply the same margin percentage of all the items from the selected distributor.

1. Click Purchase >> Masters >> Distributor >> Distributor Master. Set the Margin% in the distributor master

2. In the Purchase screen, the margin% is automatically loaded while selecting the distributor

Config:
Purchase >> Common Settings(Purchase / Receipt Note / Purchase Order >> Ask invoice wise margin%
Purchase >> Common Settings(Purchase / Receipt Note / Purchase Order >> Take invoice wise margin% from distributor master

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