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Financial Reports

In this article, you will learn about using the financial reports.

Profit / Loss

  • By default, Profit / Loss tab is selected. You can also navigate to Taxes reports. Read below for more details.

  • By default “All Time” is selected, but you can change the date range to restrict sales to a specific range.

  • You can download the search results in Excel spreadsheet or PDF format by clicking on the icon respectively.

  • Use the Search box to find a specific product or use the filter to narrow down to a single category. The headers are also sortable.

To access, click on the Reports button available at the top bar and select the tab for Financial Reports.

Notice

The report as shown above will calculate what was purchased and what was sold during the time frame selected. So if you spent $1,250 on items during that time frame it will show $1,250 as a total expense not the expense of the items that you sold.  

Profit / Loss (Restrict Expenses to Quantity Sold)

  • When “Restrict Expenses to Quantity Sold” is selected

  • Quantity will be the driver of this report

Notice

The report as shown above with "Restrict Expenses to Quantity Sold" checked, will calculate based on how many items were sold during that timeframe. So if you bought 50 items, but only sold 6, this version of the report will take the cost per unit of the last time each item was purchased and multiple that times the quantity sold to get the total expenses. 

Taxes

  • Select the tab for Taxes.

  • Specify the search criteria such as Date Range and POS. Click on the Submit button to retrieve the results.

  • This report will break down by product taxes that were collected. If you are not collecting taxes, you will not need to run this report.

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