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TransActPOS Current Version: 3.041.06
June 4 2014
eNews #77
Gross Profit %       

Since version 3.036, you can set and view the Gross Profit %. This feature allows you to view, at a quick glance, how your inventory is performing. This week's newsletter is going to explain the different profit percentages and how to set them up to work for you. 
Overview                                                                                              
To view and set the Gross Profit % values, click on IC | Inventory File. Once you locate an item, you will see the four profit percentage values along the bottom of the General tab, near the pricing information. The first one is Retail GP%. This value is determined by the following equation:
(Retail) - (Cost)/(Retail) * 100%

The cost mentioned above is the catalog cost. If there is no catalog cost, the formula uses the last cost. If there is no last cost, it will use the average cost.

Catalog Cost GP% is the profit percentage you are getting based on your catalog cost. If there is no catalog cost for the item, this value will remain at 100%.
Replace GP% is the profit you receive based on how much it costs to replace an item in your inventory. The formula for this is as follows: (Cost) / (Retail)

The cost in the formula refers to the catalog cost or last cost (if no catalog cost is found). Changing this percentage will alter your retail price based on the cost listed.

The Desired GP% field can be changed at any time. This is simply the desired profit % you want for the selected item. However, if the cost is changed, the system will look at the desired GP% and will change the retail based on the catalog, last, or average cost. This percentage can be set on a per class level, meaning any time a new item is entered into inventory, the system will look at the class listed on the new item and input the Desired GP%.
If you have any suggestions for future newsletters and/or feedback, please feel free to email me. Your feedback is what helps us grow and assist you as your Point of Sale software provider!

Your TransActPOS Team
Profile Systems Design Group, Inc. | 270-821-0720 | enews@transactpos.com | http://www.transactpos.com/
47 West North Street
Madisonville, KY 42431

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