⬜ Profit and Loss Report in AurPOS

The Profit and Loss Report in AurPOS provides a comprehensive financial analysis that helps you accurately assess your business’s financial performance by comparing total revenues with costs and expenses over a specific period. This report is an essential tool for any business owner seeking sustainability and profitability.

✅ What is the Profit and Loss Report?

It is a report that shows the net profit or loss resulting from business operations, based on data from stock, purchases, sales, expenses, and operational costs. It is calculated using accurate accounting formulas that reflect operating profit and net profit.

✅ Key Components of the Report

✳ Stock Data:

• Opening Stock (at purchase price)

• Opening Stock (at selling price)

• Closing Stock (at purchase price)

• Closing Stock (at selling price)

✳ Sales and Purchases Data:

• Total Sales (excluding tax and discounts)

• Total Purchases (excluding tax and discounts)

• Total Sales Returns

• Total Purchase Returns

• Total Damaged Stock

✳ Expenses and Costs:

• Total Expenses

• Total Purchase Shipping Fees

• Total Shipping and Transport Costs

• Salaries, Bonuses, and Production Costs

• Total Sales Discounts and Customer Rewards

✅ How is Profit and Loss Calculated?

⮜ Cost of Goods Sold (COGS):

(COGS = Opening Stock + Purchases - Closing Stock)

⮜ Gross Profit:

(Gross Profit = Total Selling Price - Cost of Goods Sold)
(Note: This figure differs from the final net result due to other operational items listed below.)

⮜ Net Profit (Profit/Loss):

(Net Profit = Gross Profit -
Damaged Stock + Expenses + Shipping Costs + Other Costs)

✅ Additional Analysis in the Report

AurPOS enables you to analyze profitability in various ways to support more accurate decision-making:

• Profit by Product

• Profit by Category

• Profit by Brand

• Profit by Location

• Profit by Customer

• Profit by Invoice

• Profit by Date and Day

✅ Importance of the Report

• Measuring actual financial performance of your business

• Precisely identifying sources of profit and loss

• Improving pricing, purchasing, and supply strategies

• Making decisions based on accurate and reliable data
  
  

✨ Tip

Make sure to review the Profit and Loss Report regularly (monthly or quarterly) to evaluate overall performance, control expenses, and maximize profits.