Introduction
Sale values are available to view in many areas through Cinchio Back Office, from the large number of reports available to the individual transactions.
Due to the different nature in which sales are reported in different parts of the world, Cinchio Back Office offers the concept of "Reporting Profiles". Against your company, select which method of sales reporting should be used throughout the platform.
This article highlights the key elements of each available reporting profile.
Reporting Profile: Tax Inclusive Gross
The "Tax Inclusive Gross (UK Style)" reporting profile best suits the needs of companies that have tax inclusive prices, including the UK, ROI, EU and Australia.
Throughout Cinchio Back Office, sales reporting terminology is as per the table below.
Reporting Terminology
|
Term |
Description |
|
Gross |
Sales including tax, after discount has been deducted. |
|
Net |
Sales excluding tax, after discount has been deducted. |
|
Tax |
Sales tax, per local tax rules. |
|
RRP |
Sales including tax, before discount has been deducted. |
|
Discount |
Discount calculated as "RRP" less "Gross". |
Reporting Profile: Tax Exclusive Gross
The "Tax Exclusive Gross (US Style)" reporting profile best suits the needs of companies that have tax exclusive prices, including the USA and Canada.
Throughout Cinchio Back Office, sales reporting terminology is as per the table below.
Reporting Terminology
|
Term |
Description |
|
Gross |
Sales excluding tax, before discount has been deducted. |
|
Net |
Sales excluding tax, after discount has been deducted |
|
Tax |
Sales tax, per local tax rules. |
|
Discount |
Discount calculated as "RRP" less "Net". |
|
Total |
Sales including tax, after discount has been deducted |
Comments
0 comments
Article is closed for comments.