A charge is any component of price which will have an impact on the final price to be paid or charges for a product. The system provides flexibility to define various charges for instance base price, discount, GST and any other charges as per the organisation and their properties in the system such as whether slabs are allowed, charges are additive or deductive, currency and remarks, if any.
Charges are associated with entities like Supplier, Product Purchase, Product Sales, Customer and Territory. This association states that the charge is specific to the entity or entities associated.
Charges are grouped together to form a charge scheme. There are certain charges that are not associated with any scheme but under some circumstances are to be included in the total price of the product. For such charges the system maintains an effective sequence for that charge.
(Path: Definitions→Common→System→Charge Master)
Charge ID
Charge Id is auto generated by the system that uniquely identifies each charge master
Abs. Value (Absolute Value) - In this case a value of charge is entered in absolute terms, for instance, 1000. When Abs. Value is applied to Commission and Freight, this value will be applicable to the whole document. To distribute it for each unit of products, the Distribute button on the Composite Charges Tab is used.
%Net – Select this option if you want value of Charge to be calculated as a percentage of sum of charges specified above the sequence number of this charge.
%Base - Value of charge will be calculated as a percentage of base price.
