Profit Margin field in Item Properties...worthless or not?

My accounting folks have just now started to notice that the 3-4 keystone markups they entered (in terms of our individual item costs) are not being reflected in the Profit Margin field for any of our items...is there any way to modify or change the way RMS calculates this? It's pretty funny because it will almost show it correctly if you do the inverse (i.e. a $10 Price and $40 Cost yields 300% margin, albeit a negative one...but a regular $40 price and $10 Cost shows a worthless 75%...what good is this??). Ideally we'd like to be able to enter our cost and the desired markup/margin and have the Price calculated accordingly...is this too much to hope for? Also, does this issue with the profit margin property carry over into the sales reporting as well?

Thanx & regards,

-=Rich=-

Reply to
hitman
Loading thread data ...

Reply to
Brian Wannan

yeah this how I see it a region issue whereby this may be ok for the states but most other places where taxes are non state based but item based, the calc is not as other products present the information.

I think just another field

Ivan

Reply to
Ivan Brebner

BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.