What are Surcharges and How to define them?
Introduction
Surcharges are additional charges that a retailer may decide to levy on products. These additional charges are applied to the complete transaction.
Surcharges can be levied either as a fixed amount or can be a percentage of the total price.
Surcharges can also be mentioned in Purchase documents like Purchase Order, Goods Receipt against a PO, etc.
Create A Surcharge
Go to Inventory > Surcharge. The Surcharge list view displays all the surcharges clearly showing whether a surcharge is an Amount or a Percent.
Click on Add Surcharge to add a new surcharge. Specify the Code, Description, Amount Type and Amount (this will be the percentage if the Amount Type is selected as Percent). Click save to add the surcharge to the list of surcharges.
Surcharge (Amount) Example
Surcharge (Percentage) Example
A surcharge is usually applied additionally to a quoted sales price, although it can also be loaded on cost depending on the business process.
Suggested Readings
How To Attach Surcharges In A Transaction?
Exporting Surcharges in Tagrain
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