FAQs - MarkUp/Mark Down

FAQs - MarkUp/Mark Down

FAQs

1. What is MarkUp/Down?


Markup/Markdown feature is used to calculate the selling price of the items automatically while making a purchase entry. User can set[increase or decrease] the selling price of the items based on the purchase price or Landing cost or MRP. Once the MarkUp/MarkDown is set for the item, the selling price is automatically calculated in the purchase screen when you make an entry in the purchase.

2. Which base price is considered for MarkUp/Down?


MarkUp is an increment from the Purchase price or Landing Cost to get the Selling Price.
MarkDown is a decrement from MRP to get the Selling Price.

3. Can I customize MarkUp/Down?

Yes, you can customize. Use
the MarkUp/Down Filter to set the MarkUp/ MarkDown based on items, Category, Distributor and Manufacturer.

4. Is it possible to apply the MarkUp/Down only for a particular colour or size for a selected brand using Category wise Markup/mark down?

No,
category wise Markup/mark down can not be applied to particular items in the selected category

Use the Category field in the MarkUp/Down screen to apply for a specific colour or size of a brand.

In the BRAND field, press Enter. The brand LOV is displayed. Select the brand (e.g. Arrow & Zero)
In the size field, press Enter. The size LOV is displayed. Select the sizes (e.g. 32, 34 and 36)

Set the MarkUp/Down pricing parameters and values. The MarkUp/Down set is applied to the sizes
32, 34 and 36 of the brands Arrow & Zero. In this way, you can apply to specific items.

5. In selling price round-off, what is the exact difference between 'Enable automatic round off of selling price' and 'Selling price to be rounded off to(Rupees)'?

While making a purchase entry, a confirmation message is displayed whether to round-off the Selling Price or to keep the accurate rate as the Selling Price. In order to round-off, the below configurations need to be enabled.

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

'Enable automatic round off of selling price' is to enable the round-off for selling Price.
'Selling price to be rounded off to(Rupees)' is to round-off the selling price to 1 Rupee or 2 rupees or 5 rupees etc.

6. Can I set the margin% to certain specific items from the same distributor?. For example, if I purchase 100 items from a distributor and want to apply the margin% to only 50 items. Is it possible?

Using Distributor-wise margin%, you can not set to specific items.

7. How can I apply the margin% only to certain specific items of a distributor in the purchase?

Use the
Selling Config (Perc) configuration to give the selling price for each line item at the time of making the purchase entry. Using this option, you can 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.

Enable the following configuration:

Purchase >> Selling rate config for purchase >> MarkUp/down - regulate sales config >>
Selling Config (Perc)
AND
Purchase >> Selling rate config for purchase >> Purchase rate
(or)
Purchase >> Selling rate config for purchase >> Landing cost


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