PANTHEON™ manual

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      Price Change - Posting by Retail Price
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Sprememba cene - knjiženje po MPC

Price Change - Posting by Retail Price

Price Change - Posting by Retail Price

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000001.gif Changed prices (from the price change document) DO NOT take effect on already created issue documents. When issuing an article, the sale prices valid AT THE MOMENT the invoice is presented are recorded in the line.
000001.gif Price changed documents are created either manually (see Price Change) or automatically based on data in the receiving document or transfer document for transfers to a warehouse where posting by retail price has been selected (see Creating Price Change Documents).

If the retail price is changed when posting stock by retail price and the tax rate remains the same, the relative share of the change of the retail price will affect the changed gross margin and changed value of included VAT.

 

This is why you must also post price change documents at the warehouses where the value of stock is posted by retail price.

Example:

A calculation of the effects the change of the retail price from 216 to 240 EUR for 1 piece of the article in stock.

Date
Document
Quantity
Current Retail Price Included Gross Margin Included VAT New Retail Price Change in Retail Price Change in Included Gross Margin Change in Included VAT
31.03.02 02SC000001 1 216 75 36 240 24 20 4

Calculation:

- (CRP) Change of retail price: 240 - 216 = 24

- (CTB) Change of tax base = change_of_retail_price/tax_factor: 24/1.2 = 20

- (CVAT) Change of included VAT = CRP* tax_factor/tax_factor: 24 * 0.2/1.2 = 4

- (CGM) Change of included gross margin GM= CRP - CVAT: 24 - 4 = 20

 

000001.gif Changes in the tax rate (whether the retail price is changed or not) and consequently changes in the value of included VAT CANNOT be posted with this document! In this case, the change of included VAT must be manually posted.

Data for the automatic posting of material consumption from this document, for an inventory of 18 pieces.

Account Description Debit Credit Setting
6630 Stock of goods  24*18=432 inventory account for receiving warehouse (DEBIT) From settings in  Price Change document type
6690 Included gross margin 20*18=360 Included gross margin (CREDIT) from settings in Price Change document type
6640 Included VAT 4*18=72 Included VAT (CREDIT) from settings in Price Change document type

 




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