Blogs published on 25-03-2020

How far off are you to last year's sales due to coronavirus?

POS SOFTWARE

What many want to know is what effect is this coronavirus having on your business.

What several of my clients are telling me because many people are at home, they are buying very differently now. This I will discuss in another post. Let us first work out where we are up to now.

The report I recommend that you look at first is in the Reporting Documents > Dissection Family Class Period Sales Comparison.

Put in the following details.

 

There are many more options here but let us keep it simple, you can always experiment later if you want to learn more, so leave it as All Stock lines and do not select for the extra information as yet. You will still get a very detailed comparison by department and class. 

 

It will make I am sure fascinating reading, in my view, the two most important metrics here are Qty which are the number of sales for each department and the $ Profit made by each department. 

What can also be useful is running the same report comparing the year before last year with the same period this year.

Remember that random chance dictates that about third are up, a third is down and the rest about the same. So you need to study the figures.

At the end of today's trading, you simply need to include date of today to get current figures.

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