Minimum Margin Setting

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   Minimum Margin Setting

You can have a global minimum sales Markup set in Setup Options. 

If a sale is made which is under this Markup% then a warning is given. Does not stop the sale but the warning shows several times before updating the line or Invoice or POS.

MARKUP

25% Markup means the product has been marked up by 25% to get to the selling price e.g. Cost = $3.00 x 1.25 = $3.75 so in this case the profit is $0.75

GP
25% GP means 25% of the sale is profit.
e.g. Sell Price $4.00 Profit = $1.00

Normally you would generate the selling price from cost using the Markup method and then monitor your Margin (Profit) using GP%

Setting is in Start > Database & Options > Options >  Setup Options > Product > "Min Inv Markup" 

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peach Members Profile Find Members Posts Admin Group THE BOSS Joined: 01-Jan-2006 Status: Offline Points: 1295	Post Options Post Reply Quote peach Report Post Thanks(0) Quote Reply Topic: Minimum Margin Setting Posted: 20-Jun-2012 at 04:20
	Minimum Margin Setting You can have a global minimum sales Markup set in Setup Options. If a sale is made which is under this Markup% then a warning is given. Does not stop the sale but the warning shows several times before updating the line or Invoice or POS. MARKUP 25% Markup means the product has been marked up by 25% to get to the selling price e.g. Cost = $3.00 x 1.25 = $3.75 so in this case the profit is $0.75 GP 25% GP means 25% of the sale is profit. e.g. Sell Price $4.00 Profit = $1.00 Normally you would generate the selling price from cost using the Markup method and then monitor your Margin (Profit) using GP% Setting is in Start > Database & Options > Options > Setup Options > Product > "Min Inv Markup"