Gross Profit

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Gross Profit
Daily absolute gross profit over the last 14 days, plotted for current and previous week in comparison graph.

Why do I need it?
Negative trends or below industry standard figures from this widget can indicate the need for closer analysis of business production processes and/or sale prices. Advisors would be able to provide information on which areas of production can be improved whether that be staff training, finding cheaper suppliers or employees, or improving production techniques.

How do I get the right information? 
Widget depends on Cost of Goods & Sales invoices being recorded at time of purchase or sale.

Troubleshooting
Sales date entered incorrectly. Sales amounts entered incorrectly. Irregular reconciliations. Bills and/or invoices not recorded daily.

How to make the most out of your widget
The efficiency and depth of knowledge that comes with using an inventory management system leads to less money tied up in inventory, less theft and stock obsolescence, awareness of stock levels and when to place further orders, identification of stock patterns for efficient ordering, and all cost of goods in one place which saves time and energy.

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