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:
Display the Sales Voucher Register for a particular period by drilling down a month and change the period if required.
Select F7: Show Profit or activate the option Show Gross profit estimates to Yes in F12: Configure
The report now displays each invoice with:
Transaction Value - Invoice value including taxes
Gross Revenue – Actual sale value minus taxes
Cost – Book cost of the product
Gross Profit – Amount of profit or loss on the sale
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