Aned Book help › Step-by-step guides › Reports and GST

How to see what each item and each customer really made

Silver and Gold only

Profitability costs every sale from your own purchase bills, oldest stock first (FIFO) — not from today’s price list. Silver and Gold.

  1. Open Reports, Profitability. The top line gives the sale value, its FIFO cost, the gross margin and the margin percentage.

    Open Reports, Profitability. The top line gives the sale value, its FIFO cost, the gross m

  2. Group it by item, customer or category, and set the dates.

    Group it by item, customer or category, and set the dates.

  3. This is gross margin, not profit — rent, salaries and every other expense are not in it. Lines sold before any purchase recorded them are left out, because no cost is not the same as zero cost.

    This is gross margin, not profit — rent, salaries and every other expense are not in it. L
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