profitability_primer
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profitability_primer [2011/03/22 16:45 (13 years ago)] – andrew | profitability_primer [2011/03/23 12:54 (13 years ago)] (current) – andrew | ||
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**Figure 3 - Inventory cost and stock levels** | **Figure 3 - Inventory cost and stock levels** | ||
- | The List price for the item sold will be posted to the income account for that item category (4xxx where xxx is the 3 digit category number). | + | The List price for the item sold will be posted to the income account for that item category (4xxx where xxx is the 3 digit category number). |
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**Figure 4 - Invoice backend report showing account postings** | **Figure 4 - Invoice backend report showing account postings** | ||
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+ | In the Figure 4 example, the Cost of Goods sold are coming from Categories 130 and 220 . The total cost of the inventory sold are taken from the 1200 inventory account. | ||
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+ | The profitability can be determined by subtracting the amounts in the 5000 accounts against the amounts in the 4000 accounts. | ||
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+ | ===== Profitability Reporting ===== | ||
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+ | A profitability report ships with the default install of System Five. It is accessed through General Ledger -> Ledger Reports -> Profitability. | ||
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+ | The invoice report found under Reports -> Sales Reports -> Customer and Invoice Sales Reports -> Invoice report will generate a list of invoices based on the settings on the report. | ||
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+ | ===== Profitability Tour Video ===== | ||
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+ | For an overview of System Five profitability use the link to the video below. | ||
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+ | [[http:// | ||
profitability_primer.1300837517.txt.gz · Last modified: 2011/03/22 16:45 (13 years ago) by andrew