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Go to Reports > Sales > Profit Report to find out what your profit is based on your product sales against your product costs.

The Profit Report also includes the profit from your product variants.

See also: Cost of Goods Report

How to set up your products for a profit report

Set a product's cost and price

  1. Go to the Product Details of your product

  2. Fill in the Cost (what you pay to suppliers) and the Price (what your customers pay)

  3. Save

See also: How do I set the cost of my product based on total ingredient cost?

Bulk import product costs (advanced Excel users only)

  1. Go to your Products list (Products > Products)

  2. Go to Export > Export (CSV)

  3. In the spreadsheet that downloads, enter all the costs in the Product Cost field.

  4. Save as a CSV file.

  5. Go to POS Settings > Bulk Import. Under "Import", select Product.

  6. Click Select CSV/XLSX File, find your product CSV file then Import it

  7. All your procut costs will update instantly.

Set product variants

Product variants will only have costs if they are attached to their own products which have costs.

  1. Go to Products > Product Variants and click the pencil button next to the Product Variant Group that you want to edit

  2. In the Variant Value table, ensure that you have a Product assigned for every Product Variant Value

  3. Save.

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How to interpret your Profit Report

Your Profit Report will show you a breakdown of all the products you had sold in the selected timeframe.

At the end of each row you will see the product's COGS % (Cost of Goods Sold). This is the percentage of the cost over the price (e.g. If you have a $10 salad that costs $1 to make, the COGS will be 10%).

Below the table, you will also see:

  • Total Quantity: This is the total number of products sold. If you have toggled on the setting List variants as separate product, it will also count the product variants of the sold products.

  • Total Net Sales = sales - tax

  • Total Net Profit = sales - tax - costs

When should I list variants as separate products?

If you...

Have product variants with their own independent prices and costs added on to the product

If you...

Have product variants, but those product variants do not have an additional price or cost

Then...

You should toggle on List variants as separate products

Then...

You should not toggle on List variants as separate products

Why?

Your profit and COGs will be determined by the individual product variant costs

Why?

Your profit and COGs will be determined by the products

For example

You have a pizza product, where each topping is a product variant and it is also a product with a cost and price.

Your profit will depend on the cost of your individual toppings, not just the pizza.

For example

You have a $10 combo product which has a drink product variant and a burger product variant.

Your profit will depend on the cost of the $10 combo, regardless the drinks and burgers ordered in that combo.

If you list variants as separate products without having the appropriate setup, your profit will display as a negative amount and your COGs will appear as 0%.

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