Introduction
Welcome to our easy-to-follow guide on how to apply margins to your sales quotes and orders in Empress. This guide will help you better manage your sales process without needing any technical expertise. Let’s get started!
Introduction to the Margin Application Feature
In the business world, margins are integral to your sales process, influencing profitability and pricing strategies. With Empress, you can apply margins directly on your quotation and sales order items, allowing you to take control of your pricing strategies more effectively.
Method 1: Applying Margin Using Price Rule
Empress offers you the ability to apply margins based on certain conditions through Price Rules. You can set the type of margin (percentage or a specific amount), and the rate or amount. Once set, Empress will automatically apply the margin to the quotation and sales order items.
Setting Up a Pricing Rule
To set up a Pricing Rule, follow these steps:
Go to Selling > Setup > Pricing Rule or Accounts > Setup > Pricing Rule
Applying Margin in Pricing Rule
The total margin is calculated as follows: Rate = Price List Rate + Margin Rate.
To apply the margin, you need to add the Price List for the Item. To do this, follow these steps:
Go to Selling > Setup > Item Price or Stock > Setup > Item Price
Method 2: Directly Applying Margin on Item
If you prefer to apply the margin directly, without using a pricing rule, Empress offers this flexibility. In the Quotation Item and Sales Order Item, you can directly select the margin type and rate or amount. Empress will then calculate the margin and apply it to the price list rate to compute the rate of the product.
Applying Margin Directly on a Quotation or Sales Order
To add margin directly on a Quotation or Sales Order, follow these steps:
Go to Selling > Document > Quotation
Then add an item and scroll down to the section where you can find the Margin Type.
Conclusion
By understanding how to apply margins to your quotation and sales order items in Empress, you can effectively manage your pricing strategies and enhance your business processes. Empress is designed to make this process intuitive and user-friendly, providing you with a valuable tool for your business operations.
If you need additional help, the Empress support team is always available to assist with any queries or concerns. Don’t hesitate to reach out for help to make the most of your Empress experience.