Reading the Product Sales Summary Report
What is the Product Sales Summary?
The Product Sales Summary is a Report designed to give you a comprehensive overview of sales performance, inventory status, costs, and financial aspects related to the products being sold.
How can I filter the Product Sales Summary?
The Product Sales Summary has three different filters:
Customer Class: Customer Class is used to view product sales for a specific customer class or classes.
Order Source: Order Source is used to view product sales for a specific order source or sources.
Warehouse: Warehouse is used to view product sales for a specific Warehouse witch pulls from the inventory modules.
What do each of the fields mean on the Product Sales Summary?
Starting Inventory: Starting Inventory refers to the quantity of the product available in the inventory at the start date.
Ending Inventory: Ending Inventory represents the quantity of the product remaining in the inventory at the end date.
Sold Qty: Sold Qty indicates the number of units sold for the particular product during the date range.
Sub Total: Subtotal refers to the subtotal or the total value of the product sales before applying any taxes, shipping costs, or discounts.
Tax: Tax represents the amount of taxes applied to the product sales. It could be a specific tax rate applied to the subtotal.
Ship Cost: Ship Cost denotes the shipping costs associated with delivering the product to the customer. It represents the amount charged to the customer for shipping.
Product Cost: Product Cost indicates the cost associated with producing or procuring the product. It represents the amount spent by the business to acquire or manufacture the product.
Total: Total represents the total value of the product sales, including taxes, shipping costs, and any other applicable charges.
Discount: Discount refers to any deductions or reductions applied to the product price. It could be a percentage or a specific amount subtracted from the subtotal.
Subtotal After Discount: Subtotal After Discount represents the subtotal value after applying the discount, i.e., the total value of the product sales after subtracting the discount amount.