How can I get SuperManager to accurately calculate the profit for each order?

Started by David Johns, June 30, 2010, 03:50:57 AM

Previous topic - Next topic

David Johns

SuperManager supports calculating profits using two methods:

1. Average costing ? this is done when you have inventory tracking turned off.  If you have the ?average cost? populated for each product, as described in our exchanges below, SuperManager will calculate cost charged ? average product cost for each item.


2. FIFO (First in, first out) costing ? this is done when you have inventory tracking turned on.  You can  a cost of goods sold to each batch of items that you purchase from your suppliers for each lot of inventory you receive.  SuperManager then uses the old lot of inventory until it is expended and then moves forward to newer lots.  In this manner it will keep track of exactly how much you paid for a particular item and how much you sold it for.


In both cases, SuperManager copies the cost of the item into the order itself so that it has an independent record of the product cost.  Once the order?s version of the product cost of each item is established it will not be re-calculated from the average or inventory lot cost.  This value can be observed and changed on the item details screen.


In addition to product cost vs. sales price, SuperManager considers the amount received for shipping vs. the postage amount for each shipment.  In order for this to be accurate the postage costs have to be populated properly in each shipment in the order.  This amount can be edited on the shipment details screen.


Once all this information is correct, the order profit shown on the order details screen will be correct.
SuperManager Support
info@thesupermanager.com