Purchase
Handles supplier selection, purchase requests, and the creation of official purchase orders for goods and services. It tracks vendor delivery speeds, agreed pricing, and received shipments to help organizations monitor expenditures and manage inventory levels.
These records allow managers to evaluate supplier reliability, prevent unauthorized purchases, and verify that billed amounts match contract terms. The data can also be used to negotiate better pricing based on order history and streamline future purchasing workflows.
Price List
You can create multiple price lists based on your business needs, with each list becoming active from its effective date. For example, you can maintain one price list for purchases and a different one for sales. To create a new price list, click “Add” and enter the title along with its effective date. Then, click the “Products” option from the dropdown to add products and their respective prices to that price list. This helps manage pricing variations across customers, suppliers, or seasonal changes with ease.
The first time you generate a price list, you can find the button of the auto generation enabled. The feature enables you to come up with a price list very fast by adding each product in the product list to one that is probably to be evenly priced at the initial stage of all products. Once the list has been made you can proceed to copy the prices in turn as required. This approach can significantly speed up the development of a comprehensive price list, moreover, it is very convenient when there is a bulk of products on sale.
Discount List
It will allow you to create separate discount lists which can be used to offer different rates of discounts of different products to different customers according to seasons, and promotions etc. Lists of discounts can contain specific names and individual discount rates on the products chosen. In order to make a new list, one should click the button of addition, and enter the title of the discount list. Next, go to the dropdown and select the option of products to add products and indicate the rate of discounting each of them.
When you are generating a discount list for the first time the button of auto generate will be enabled. This option will make it easy to come up with a discount list by incorporating all the products of the product list at the same single discount rate of applying the discount rates to all products initially. After this list is made, individual modification of discount rates could be done in relation to individual products. This technique greatly declines tedious input and enables you to compose a whole list of discounts with much less time.