Analysis of store profits by income invoices
13.06.2019 10:18The "Profitability Analysis of Incoming Invoice" report in the Torgsoft program shows how much of the goods received under a given incoming invoice have been sold. The report clearly highlights fully sold goods, partially sold goods, and goods that have not been sold at all.
The information is displayed as the goods are sold, starting from the date the invoice was created to the date selected by the user.
Profit analysis from the incoming invoice. As shown in the picture, the report displays the following information for each item:
- quantity of sold and remaining goods
- purchase price and selling price
- the amount of goods sold
- the amount of goods remaining in stock
- the amount and quantity of returns
- amount and percentage of discounts given for each item
- revenue from sales and profit received from each item, taking into account its cost price
- product name, barcode, and article number.
For the sold items, you can view a breakdown of how much and at what price the item was sold, what discount was applied, and what profit the sales brought depending on the price change.
This report gives the store owner a significant advantage over competitors:
1. If you decide to collaborate with a new supplier, you will easily understand whether it is worth taking goods from them in the future or not. Which items are sold and how briskly they are selling, and which ones customers do not want to buy and should not be ordered anymore. You just need to click one button, and the program will select unsold goods.
2. The form also contains information about the overall percentage of goods sold from this incoming invoice. This helps the entrepreneur understand the priority of paying credit (with deferred payment) incoming invoices. If the sales percentage is low, it is advisable to ask the supplier for an additional payment delay for the goods on this invoice.
3. Since the report is generated for each incoming invoice, when purchasing similar goods from different suppliers, you can compare the efficiency and working conditions with each of them.
4. Seeing which goods are selling well, you can increase the markup on them, ensure the required stock quantity, based on sales data.
Store revenue can be increased by timely analyzing profitability by types of goods and rationally organizing warehouse stocks! This undeniable rule of trade is confirmed by many successful owners of large and small stores, wholesale and retail points, who use Torgsoft software for accounting.
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