MN
Asked
Hello Tecdiary,
Please my client whom I installed your Stock Manager Advance with All Modules is not happy with what he is getting in the Profit and/or Loss report.
Kindly take a look at the inserted or attached image of the report, you will see that the Profit and/or Loss is recording negative instead of positive.
The Profit or Loss should be difference in the cost of product sold against the proceed in that the number of products sold. For example, if you bought 100 cars at $1,000 per car and you have sold 20 of those cars at the rate of $1,500 per car. The profit is expected to be calculated thus:
Number of Car: 20
Cost price per car: $1,000
Selling price per car: $1,500
Difference: $500
Profit: 20 (number of cars sold) * $500 (profit per car sold) = $10,000 (profit on the number of cars sold)
As you can see, the calculation is on the number cars sold and difference in the selling price against the cost price and not in the total number of cars purchased which is what you did.
Please can you show me how to correct it in the code so I can make the correction is his application pending when you will make the corrections in your future upgrades.
Thank you
Please my client whom I installed your Stock Manager Advance with All Modules is not happy with what he is getting in the Profit and/or Loss report.
Kindly take a look at the inserted or attached image of the report, you will see that the Profit and/or Loss is recording negative instead of positive.
The Profit or Loss should be difference in the cost of product sold against the proceed in that the number of products sold. For example, if you bought 100 cars at $1,000 per car and you have sold 20 of those cars at the rate of $1,500 per car. The profit is expected to be calculated thus:
Number of Car: 20
Cost price per car: $1,000
Selling price per car: $1,500
Difference: $500
Profit: 20 (number of cars sold) * $500 (profit per car sold) = $10,000 (profit on the number of cars sold)
As you can see, the calculation is on the number cars sold and difference in the selling price against the cost price and not in the total number of cars purchased which is what you did.
Please can you show me how to correct it in the code so I can make the correction is his application pending when you will make the corrections in your future upgrades.
Thank you
Attachments
- EGAnsweredHello
**Profit and/or Loss** report is based on a *selected time frame (date range)*, **not on** `cost vs price` on *quantity sold*.
You can see something similar to the report you're looking for on `Today's Profit` icon on the top menu bar or by clicking on *date number* or *month name* in `Daily Sale` and `Monthly sale` reports respectively.
Anything aside this, will require code modification.
In case you need a developer for modifications.
You can reach me via following platforms below, let's have a realtime discussion on your request idea.
Skype ID: `enyinnayag`
Wechat ID: `wxid_9o59xqufzhfd22`
WhatsApp: `+2348068355192`
I am an **Independent developer**, that knows the system very well.
@**Mian Saleem** is aware of my presence here. - MNAnsweredHi Enyinnaya Gift,
Thank you for your kind response.
Let me take a look at the pages you mentioned and see if they meet my clients needs.
I will get back to you.
Thanks
Mike - MNAnsweredDear Enyinnaya Gift,
Once more thank you for your response.
However, my client still wants the report to show as I detailed above, that is the "Profit or Loss should be difference in the cost of product sold against the proceed in that the number of products sold. For example, if you bought 100 cars at $1,000 per car and you have sold 20 of those cars at the rate of $1,500 per car. The profit is expected to be calculated thus:
Number of Car: 20 Cost price per car: $1,000 Selling price per car: $1,500 Difference: $500
Profit: 20 (number of cars sold) * $500 (profit per car sold) = $10,000 (profit on the number of cars sold)
As you can see, the calculation is on the number cars sold and difference in the selling price against the cost price and not in the total number of cars purchased which is what you did."
So how do we go about it???
Thank you
Mike - PVAnsweredthis is what I am looking for too.
if there is a report we can see the cost of the items we sale agains sale price so we can see the profit or lost on sale.
we know that some items was purchased and paid previous month/months but if we can see the ONLY items we sold and profit or lost of them that could helps us too.
thank you - Login to Reply