Profits |
  
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Profits |
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The profit is a calculated value subtracting cost from the selling price.
Each item sold has a specific cost assigned to it. POSitive uses a FIFO (first in - first out) system. As stock counts are added, the cost is extracted from the purchase order cost field OR assumes the Last Order Cost value set in the details of the inventory item if the stock count has been adjusted manually.
If the cost has been assigned incorrectly, you have a manual corrective tool to modify the cost of items sold and thereby recalculate profits.
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