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Stock Group Summary Details

Explaining the Stock Group Summary Screen

Written by Jonathan Eve

The Stock Group Summary screen summarises your Stock Group (i.e. Food and Liquor) sales and purchases, and calculates a weekly Gross Profit based on these. This allows you to track your weekly stocks and GP%.  

Using the example above, the net food sales were £11,083.34 for the week.

Opening Food Stock (if counted each week) - is the closing stock from the previous week, carried forward. 

Total purchases (cash and account): £500

Closing Food Stock (if counted) - is the value of your food stock on site at the end of the week. 

£5,000 + 500 - £4,000 gives a Cost of Goods Sold of £1,500. 

This gives a Profit of £9,583.34 for the week (Total Food Sales - Cost of Goods)

This converts to 86.47% ((9,583.34 / 11,083.34)*100)

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