Markdown Codes

Action: MARKDOWN

The Markdown Codes are codes that a shop can enter to represent specific reasons why an item is marked down in price. Markdowns may be applied at the time of a sale (on the Ticket form either on a per transaction basis or for the ticket markdown), pre-set for a VIP customer (Customer Markdown) or on the Retail Inventory form via Promotional pricing. With the optional WinTPOS rental point of sale module a event may have a rental markdown assigned. When assigned, the initial rental order will default to the markdown amount & reason.

Two Markdown modes are offered and are controlled by the Housekeeping-> General Setup-> System Setup-> Setup Tab: Adj amounts must be entered via markdown codes.

When enabled, the operator must enter a markdown code on the ticket or event form. The markdown amount is automatically entered from this form. The system will then check to see if the markdown is available for the current date and if so, automatically apply the markdown amount which cannot be modified. In this mode the Adjustment amount, Applies from and Store fields are used in this form.

When disabled, the operator may enter a markdown amount, then optionally enter the reason code. A operator would first enter a markdown amount (see Using Markdowns topic for more information)), next the system will stop and ask the operator to enter a Markdown Code, i.e. the system wants to know the reason why the operator is reducing the price. At this time the operator would enter the appropriate markdown code.

Reports of items sold that were marked down include, Markdowns by Code, Markdowns by SA, and others.

Please review the topic, Using Markdowns for more information.

Fields

Markdown code...Code to identify the markdown.

Description...More detail of the markdown.

Adjustment amount... Enter the adjustment amount for this code. See Using Markdowns topic for how to enter markdown amounts

Applies from... Enter the date range for when this markdown is effective. Leave dates blank for always active.

Stores... In multi-store implementations, enter the store locations that may utilize this markdown. Leave blank for any store.