Overview of Minimum Margin % in Marg Books

OVERVIEW OF MINIMUM MARGIN % IN MARG BOOKS

• Minimum Margin is the amount or percentage decided by the owner/manufacturer to earn the profit at the time of selling the particular product. 
• It needs to be predefined in the software so that software will auto calculate the sale rate of the product (including margin) and it will reduce the efforts of the user to calculate the sale rate of each product manually.

PROCESS TO SET MINIMUM MARGIN % IN MARG BOOKS

• Go to Master >> Inventory Master >> Item.

• An 'Item List' window will appear.

• In order to mention the Minimum Margin % for an item, the user will click on ‘Edit’ icon against that particular item for which minimum margin needs to be mentioned.

• Suppose select '4 All Cap'.

• A 'Modify Item' window will appear.

• Now the user needs to activate an additional information of the item by placing a check mark in the option.

• Now the user needs to click on 'Other Info' tab.

• In 'Min. Margin %' option, the user will mention the percentage (%) of the Minimum Margin.

• Suppose mention '10%'.

• Then click on 'Update' to save the changes.

• Suppose Purchase rate of '4 All Cap' is Rs. 100 and its Minimum Margin is 10% (100+10% =110 (Sale Rate)) . 

After following the above steps, if user try to sell item on Rs.100 (below than the minimum margin) then it will show an alert of 'Net Loss' at the time of billing.