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Allow Entering of Cost of Goods on Invoice Lines for Gross Profit Calculation of Products, Invoices & Customers

we would love to be able to add cost of goods to product database so we can easily calculate and report GP on individual products/invoices/customers

aware we can add cost of some goods through our purchases but this doesn't reflect our business needs well

best
  • Dale Harris
  • Jan 10 2017
  • Acknowledged
  • Jan 10, 2017

    Admin Response

    Hi Dale, This sort of functionality would fall under a much more complex stock management system than KashFlow currently holds and will probably ever contain. The solution to this would be for us to integrate with a third party app that handles stock management in order to handle this sort of request. There are products within the IRIS range that will handle things like this, they sit on our enterprise level and as such are slightly more complex to use than KashFlow. The KashFlow user community is currently closed whilst we complete work on our new site, KashFlow Canvass. We will launch our new community this week, watch this space! KashFlow Product Team
  • Attach files
  • Anonymous commented
    January 10, 2017 09:12

    Good idea

  • Anonymous commented
    January 10, 2017 09:12

    I agree

  • Antonio commented
    January 10, 2017 09:12

    I think that is basic accounting and should have been installed a long time ago

  • luis commented
    January 10, 2017 09:12

    This is basic accounting

  • Bea commented
    January 10, 2017 09:12

    I agree guys

  • Bea commented
    January 10, 2017 09:12

    Basic accounting

  • Jose Manuel Senaris commented
    January 10, 2017 09:12

    I agree I would like it

  • Jose Manuel Senaris commented
    January 10, 2017 09:12

    I agree with Diego. It will take kashflow to another level

  • Diego commented
    January 10, 2017 09:12

    I think that this is basic accounting. I need to know the cost of the product to know at what I can sell my product at the lowest. It shoulc also tell me how much profit I make a day or at a week. This will help me in many things: how successful is my business, can I afford to expand, can I repay a loan if I had one, what product produces the most profit, what products I am not making enough money on, concentrate in top seller products, etc. it's basic data management

  • lito commented
    January 10, 2017 09:12

    I quite agree. Sometimes customers squeeze me to lower my prices. Often I have to call them later as I don't have the cost of the product at my fingertips. With this feature I can exactly know at what profit I am operating and thus make decisions ie. can I employ someone part-time, which products gives the biggest margins, etc

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