Income Statement

Where: Settings › Generic Settings › Reports › Income Statement

Percent Income of RETAIL items sold in POS — Percentage of profit used to calculate prices of Retail items. Example, input "0.3" for 30% of profit

Choices: Number

Used for POS items sold under the product named "RETAIL" (open-price items with no real cost). In the POS sales reports and income figures, their cost is taken as price × (1 − this value) and the profit as the rest. Enter it as a fraction: 0.3 = 30% profit.

Affects: Product, Income Statement, Inventory Transaction Summary Report, POS Sales Report, Product Sales Quantity and Profit Report

"Cost of Good Sold" computation basis

Choices: Product Cost and Moving Average / Product Cost Only / Moving Average Only

Which cost the income statement uses for cost of goods sold: the product cost and moving average together, the product cost only, or the moving average only.

Affects: Reports, Income Statement