Tally.ERP 9 provides product-wise and invoice-wise profitability. It calculates gross profits for each invoice based on the Transaction Value and Cost. Gross profit is the difference between sales value and Cost.
To display invoice-wise profitability
1. Display the Sales Voucher Register for a particular period by drilling down a month and change the period if required.
2. Select F7: Show Profit or activate the option Show Gross profit estimates to Yes in F12: Configure.
The report now displays each invoice with:
o Transaction Value - Invoice value including taxes
o Gross Revenue – Actual sale value minus taxes
o Cost – Book cost of the product
o Gross Profit – Amount of profit or loss on the sale
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