JJ67
11 days agoExperienced Cover User
Item profit margin in business insight
I have just noticed under item profit margin its showing the profit margins are minus.
looking further into this I see in our purchase orders we have input the suppliers recommended retail with our discount.
this is now setting the buy price as the high price not the discounted price.
eg supplier recommended price is $10 less 20% discount = cost of $8 but its saying we are buying it for $10 not $8.
is there a way to fix this issue.
I have seen if I input the price in at the discounted price on the invoice then it works out correctly. but surely having the Discount applied would give you the same cost per unit.