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Posted by Ivan Brebner on October 19, 2005, 8:15 am
Please log in for more thread options 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
> The former is Markup. The later is margin. That's the difference.
> Igt would be helpful to have a setup option that would let the customer
> decide on whether they are using margin or markup for calculations.
> To further clarify, an item with a cost of $10.00 and a selling price of
> $20.00 has a markup of 100% and also has a 50% margin. I hope this helps.
>
> "hitman" wrote:
>
>> 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=-
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