x
Beta Member

COGS report, profit?

See below. I am seeing some weirdness in the COGS report.

I have a sell price of 2.50 (which includes our TAX of 20% , = 2.08 pre tax.)

In the example/test below, I sold 2 of these, making a total revenue of 4.16.

I also had an item cost of 0.37 (still not sure if I should include the 20% tax or not here),

So I would expect the profit to be

4.16 minus (2 * 0.37) but for some reason the profit shows as 4.16 ?

 

Any help much appreciated.

Thanks

Screenshot 2021-03-30 at 16.39.57.jpg

 

282 Views
Message 1 of 2
Report Inappropriate Content
1 REPLY 1
Admin

Hi @Dirky, thanks for raising this!

 

I checked in with our Retail team to see if they've seen this before. From the screenshot, they've ask if you have enable Stock Tracking for the Coca Cola item by any chance?

 

You should be able to enable tracking by clicking into the particular item from your Item Library on Dashboard

 

Let me know if that would help!

Tra
Community Manager, Square
Have a burning question to ask in our Question of the Week? Share it with us!
274 Views
Message 2 of 2
Report Inappropriate Content