FAQs - Price Drop

FAQs - Price Drop

FAQs

1. What is price drop?

The price drop is the fall in the price of an item. The user updates the price changes using the price drop feature and sets the new selling price for the item based on needs.

2. Brief the purpose of the price drop.
Users can apply the price drop value to one or more items from a particular supplier. The buyer is required to pay only the amount after the price drop and need not pay the original purchase amount. If the buyer has already paid the amount, the amount will be adjusted in accounts.

3. What is the eligible quantity?

The quantities which are eligible for the price drop. The price drop is applied to the quantities in the eligible quantity column.

To apply the price drop to all the purchased quantities, select the option 'All purchased quantities are eligible for price drop'. By default, this option is selected. If it is disabled, you need to enter the value manually in the 'Eligible Qty' column.

To apply the price drop to all the purchased quantities except the returned quantities, select the option 'Do not consider returned qty for price drop'. By default, the option is selected. If it is disabled, all the purchased quantities will be loaded in the 'Eligible Qty' column.


4. How will I know the Price drop details?
You can know the status from the Price drop Summary [Report ID - 3247] & Price Drop detail [Report ID - 3248].

5. How will I know the total amount that has to be adjusted with the supplier?

You can verify in the reports 'Daybook' & 'Bill-wise payments' in Trac.

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