Set Automatic Margin Approval Limits for Sales Orders

You can set marginal approval limits for Sales Orders so that they can be approved automatically if they fall within these limits.

Introduction

Set Cost margin settings

View the Margin Status for Sales Orders


Introduction

You can set upper and lower percentage limits for allowable cost margins for Sales Orders. These limits are then used to check the prices applied in your Sales Orders, so that if the price falls within these limits, it can be approved automatically. This can speed up the process of having to manually approve Sales Orders, as anything within the allowable limits will not need to be manually reviewed.

The Cost margin settings are set up in the Receivables Manager.

Refer to Approve Sales Orders to read about approving Sales Orders.

Return to Top of Page


Set Cost margin settings

To set the Cost margin percentages that will be used for checking the prices used in your Sales orders:

  • Go to Settings > Receivables Manager.
  • Scroll down the page to the Cost margin settings section.
  • Lower margin auto approve threshold: Enter the lower percentage margin for checking prices on Sales Orders.
  • Upper margin auto approve threshold: Enter the upper percentage margin for checking prices on Sales Orders.
  • Click Save and close.

This example shows the limits as 10 - 70.

 

Now, when Sales Orders are entered, the system can automatically approve Sales Orders where the stock prices for all lines on the the Sales Order are within these limits.

Return to Top of Page


View the Margin Status for Sales Orders

In the Sales Order screen you can see the Margin Status for the Sales Orders. Anything that falls within the allowable margin levels will show as Auto Approved. Anything that does not fall within these levels will show as Not Yet Approved.

 

In the Sales Order itself, you can tick the field Show cost price and margin. Here we can see that the margin is 37.50%, which is within the range of 10 - 70 in the Receivable Manager.

 


In the Sales > Approve Sales Order screen:

Here you can see the Margin Status for the Sales Orders. Anything Not Yet Approved shows in black, and anything that has been Auto Approved shows in green.

 

Return to Top of Page


Was this helpful? If you require further assistance, or would like to contact us about this article, please email us at support@lentune.com.

Thank you. We really do appreciate your feedback.

Last updated: 15 September 2022