Calculating Profit from Unit Prices and Unit Costs

You can use this feature to adjust the Profit % field automatically when you enter a new price in the Unit Price field.

To Calculate Profit from Unit Prices and Unit Costs:

  1. Open the Item Card window.

  2. Browse to the item card that you want to calculate a new profit for, and then click the Invoicing tab.

  3. In the Price/Profit Calculation field, select Profit=Price-Cost.

  4. Click the Unit Price field, and enter a new price.

  5. The Profit % field will change to reflect the changes you made to the Unit Price field.

Note

If you have placed a check mark in the Price Includes VAT field on the item card, remember that the program subtracts VAT from the unit price that you enter before it calculates the profit %. (The Price Includes VAT field is not included in the standard layout, but you can insert it with the design facilities.)

Related Topics

Calculating Unit Price from Unit Cost and Profit %

Unit Cost Calculation