Ability for profit calculation and reports on sales!
1. Each Product will have a cost entry.
2. Each Order will have a shipping cost entry.
3. Total Profit on Order will be displayed in order details.
4. When the cost of the product changes the previous sales will not change. They will stay the same according to how much the cost was when it was sold.
5. Reporting for the Profits
Add price cost in each product for add a margin to the supplier prices and show profits..
The admin should be able to put the Admin Product Price. This is the price the store owner gets the product for. So when cs-cart shows you sold 100$ today but maybe only 10$ where on profit. This will help the store owner to see what the profit was, and cs-cart mathematically shows the profit to the store owner.
Yeah this needs to happen already. Ridiculous this feature is not included. What kind of store can run without being able input the cost of the item vs what it sold for? That's a basic necessity needed to be successful after all.
Ivan Yeoh commented
Hi Jim, can you share which 3rd party addon that you tried, and what is not working properly? Thanks.
We tried one 3rd add on that was supposed to something similar to this but sadly it did not work properly. LOVE the idea and can see where this would be beneficial for a quick look at each individual order.
A simple solution is not the answer! To correctly calculate profit the unit landed cost needs to be calculated and updated for each product order from the supplier. On a supplier invoice there could be transport costs, import costs, global discounts which all need to be calculated. Products might be sourced from different suppliers and prices change. How will it calculate products already in stock at one price when a new order arrives at a different price!! I think this should handled by a proper inventory program such as Inflow and a data sharing addon would be a better solution.
A buy price is also usefull it should be hard to do and at least I can see how much I can discount items without opening up programs
And it would be great to generate a Yearly sales report of all sold items. For the tax I need to be able to generate this list with the cost price of all products. I am running a store now that can do this. Before I make the decision to transfer to CS-cart I would like to see this option build in.
Nikolai Tsekov commented
Part of that was available in earlier versions but then it also needs rights management - no need my employees to see my profits...
always seeking for such option
totally agree ;-)
ATTENTION moderators, this is the same suggestion as, http://cscart.uservoice.com/forums/40782-professional/suggestions/561057-ability-for-profit-calculation-and-reports-on-sale?ref=title
please merge the topic and add the votes together.
This will help a lot to me.
ATTENTION moderators, this is the same as suggestion> http://cscart.uservoice.com/forums/40782-professional/suggestions/1561173-admin-product-price
Please merge the suggestions and votes so this could be sooner an upgrade.
This is a great aide, will help me too.
this will help me too
Even just item #1 (a product cost field) would be a huge improvement. Right now, the QuickBooks export assumes COGS=0 on every product fr lack of any cost field, which will mess up your accounting for sure. Time to work with real data.
This seems like a very obvious field that CS-Cart has somehow overlooked. What better way to keep a CS-Cart store owner happy than to quickly see how much profit he/she made on an order. We should also have a field to enter the cost of shipping for each order to get a better idea of the profit margin.
Yes very good idea, I was looking for something like this too, add a cost entry to product options plus ability to view the sales profit. This will save me alot of extra work!
Adminjobosales (Admin, CS-Cart) commented
See the following thread for discussion: