We Released a Couple of New Enhancement Requests on 7/17/2016
The first release really isn't new, but is available to everyone right now. That feature is the Bulk Email feature. I use it to send everyone my announcements.
Starting July 19th, you should be able to use our new Profit Margin Report. You can find it under the Applications menu, click on Profit Margin Evaluation to run it.
If you have last year's operational data handy, and the extra time to enter it before this season's rush, you can run our Profit Margin report to take the guess work out of your pricing. It relies heavily on your specific situation, using critical parameters you setup and the operational data you enter.
Specifically, it analyzes:
The Profit Margin Report uses your sales and expense information to answer the following accounting questions:
The report calculates your gross profit on each trophy by subtracting your total costs from your list price.
Gross Profit = Selling Price - (Material Costs + Labor Costs + Overhead Costs)
The report calculates your gross profit margin by determining your gross profit (Step 1 above) and then divides this number by the list price for the trophy.
Gross Margin = (Gross Profit / List Price) x 100
The report compares your actual gross profit margin (Step 2 above) against your markup percentage you
specified in the Studio Setup.
Actual Gross Margin vs. Markup Percentage
Gross Margin is the percentage difference between the selling price and the profit.
Markup is the percentage difference between the actual cost and the selling price.
The markup percentage is always higher than the gross margin percentage. Many people mistakenly over
estimate their profitability due to this fact.
The report calculates your list price for you based on your own specific situation. It suggests what you need to
charge in order to stay profitable. There are no proven price lists that work for everybody's small business.
Price - (Material Costs + Direct Labor Costs + Overhead Costs) x Markup Percentage + Cost
Taxidermy Direct® YouTube Channel
If you would like to see a specific tutorial please let me know. If you have questions, most likely other people do to. I will continue to add videos as requested and as time allows.
Our entire video library can be found on our YouTube Channel
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