What is the purpose of Formula configuration in TruePos ?

What is the purpose of Formula configuration in TruePos ?

Formula Configurations


Purpose

The setting of formulas for sales, purchases, and transfer transactions is possible.

A list of predefined formulas that are widely used in the retail industry is available in True-pos.

 

Step 1 : Go to Tools >> Formula >> Formula Configuration

Step 2 : Click Edit or Add New option to choose a predetermined formula from the LOV in the Formula Name field.

Step 3 : Choose the function where the formula has to be applied from the Formula Category.

Step 4 : Specification of Formula category :

     Sales :- Applying a formula to sales operations.

     Purchase :- Applying a formula throughout the purchase process

     Transfer :- Applying a formula during a transfer in or transfer out process.

Step 5 : Choose YES to make tax inclusive and NO to make tax exclusive in the Tax Inclusive field.

Step 6 : Pick the formula caption from the Caption area.

Step 7 : If the selected caption has a good or negative impact, it is indicated in the +/- area.

Step 8 : For instance, a discount caption in sales shows " -" since the discount negatively impacts sales activities.

Step 9 : Choose the base value or base point for the formula's calculation in the Base box. Examples of base values for formula calculation are MRP, Selling rate, and Amount.

Enter the actual formula in the Formula Calculation box.

Step 10 : Depending on the type of formula required, select or deselect Percentage, Affect Profit, Add To Tax, Part of Rate, Affect Total, and Extra Tax.

 

How to Proceed with the steps followed :-

 

Step 1 : Go to Tools >> Formula >> Formula Configuration


 

Step 2 : Click Edit or Add New option to choose a predetermined formula from the LOV in the Formula Name field.

 


Step 3 : Choose the function where the formula has to be applied from the Formula Category.

Step 4 : Specification of Formula category :

     Sales :- Applying a formula to sales operations.

     Purchase :- Applying a formula throughout the purchase process

     Transfer :- Applying a formula during a transfer in or transfer out process.

 


 


 


 

Step 5 : Choose YES to make tax inclusive and NO to make tax exclusive in the Tax Inclusive field.

Step 6 : Pick the formula caption from the Caption area.

Step 7 : If the selected caption has a good or negative impact, it is indicated in the +/- area.

Step 8 : For instance, a discount caption in sales shows "-" since the discount negatively impacts sales activities.

 


 

Step 9 : From the caption you can search by "Caption", "Code", and "Add/Sub" types.

 


 

 

Enter the actual formula in the Formula Calculation box.

 

 

Step 10 : Depending on the type of formula required, select or deselect Percentage, Affect Profit, Add To Tax, Part of Rate, Affect Total, and Extra Tax.

 

 

 

 

 

 

 

  

FAQ's 

 

1) How to add Freight Charges in Sales Bill   ?https://help.true-pos.com/How-to-add-Freight-Charges-in-Sales-Bill.html


    • Related Articles

    • Create a State in TruePOS

      The State Creation feature in TruePOS allows users to define states for branches. This is essential for managing tax configurations like CGST, SGST, and IGST based on state-specific GST regulations. Accurate state creation ensures compliance with GST ...
    • What is the purpose of User wise configuration ?

      Purpose :- User wise Configuration allows to enable specific configuration for a user in a multi-store plan. This will enhance more security. It includes setting up specific access levels and permissions for each user, as well as customizing the user ...
    • Familiarizing with Truepos

      Overview of TruePOS as a SaaS POS TruePOS is a SaaS (Software as a Service) solution, meaning it is a centrally hosted software delivery model on the cloud. This enables TruePOS to handle retail sales, purchase, and finance transactions online. The ...
    • Logging Out from TruePOS

      Purpose: This document provides clear instructions on how to log out securely from TruePOS to protect your account and ensure no unauthorized access. Steps to Logout from TruePOS: Navigate to the Profile Icon: Move your cursor to the profile icon ...
    • Create New Branch in TruePos

      Setting up a new branch, outlet, or warehouse distribution centre in TruePOS eliminates redundant processes such as repeatedly adding or importing items and distributors. TruePOS simplifies the management of items, prices, taxes, and stocks across ...