Using the inventory control program
Posted: Thu Jan 30, 2025 10:01 am
For entrepreneurs who have a large store with a wide range of goods, it is suitable to use a specialized inventory control program. The method is based on the use of an inventory control system that allows you to control finances, economic indicators and warehouse balances automatically.
Using the inventory control program
Source: shutterstock.com
In the context of control over qatar email list trade turnover, this system provides a number of advantages, as well as the ability to:
analyze sales for each product;
monitor the total volume of funds in the turnover of goods;
monitor the difference between the purchase price and the sale price;
evaluate the profitability of each product;
automatically calculate the cost price of goods taking into account changes in purchase prices.
By automating business operations and eliminating the human factor, employee productivity increases significantly and the likelihood of errors is reduced to a minimum.
Increase Your Profits by 10X: 5 Key Metrics You Must Track
Alexander Kuleshov
Alexander Kuleshov
General Director of Sales Generator LLC
Read more posts on my personal blog:
After working with over 300 online projects , I can guarantee: monitor these metrics weekly and your company will not only survive, but also increase its profits by 10 times!
In the context of sanctions and crisis, knowing the ROI of your advertising decides whether your business will be successful. Tracking these 5 critical indicators is the key to your prosperity.
What you get for free:
5 Key Metrics to Increase Profits by 220%
The Secret ROI Formula: Instant Advertising Efficiency Calculator
Anti-crisis Solutions Matrix: Find the Perfect Strategy for Your Business in 15 Minutes
We have prepared all the documents and templates with formulas for you. And yes, it is FREE:
Download documents for free
Already downloaded
153423
Calculation of the volume of trade turnover
Various calculation methods are used to estimate the volume of turnover, including both basic and innovative approaches. Small commercial establishments do not need to delve into complex calculations. It is enough to use simplified methods of turnover analysis.
Classic turnover indicator
The simplest expression for estimating the daily sales volume of a retail store is:
RTO = CT x CT
Where:
CT — quantity of units of goods;
CT is the cost of goods.
Example of calculating the volume of trade turnover:
Over a 30-day period, 200 units of colored paper were sold. The cost price of each unit is 150 rubles. In this case, the RTO of colored paper will be: 200 x 150 = 30 thousand rubles.
In exactly the same way, PTO can be calculated for each object position.
Classic turnover indicator
Source: shutterstock.com
In practice, the use of this formula is extremely rare, with the exception of stores and private entrepreneurs offering a limited selection of goods.
Instead, companies rely on various documents such as:
reports on accounting activities;
documents of primary importance;
statistics.
The information required for analysis can be obtained from the cash report and bank statement. In accounting, revenue from sales made for cash is reflected by the entry DT-50 KT-46. For analysis, indicators for the year, month or quarter are taken.
To determine the turnover of goods, a special formula is used that takes into account the amount of cash in the cash register and in the accounts at the beginning and end of the period. The difference between these values indicates the total revenue for the selected time period:
PTO = (NK + DC) - (NN + DN)
Where:
NK (initial cash register) - the amount of cash in the cash register at the end of the day;
DK - cash in accounts at the end of the day;
NS (cash) - the amount of cash at the beginning of the day,
DN - finances in accounts at the beginning of the day.
In this case, only financial resources received as a result of payment for goods (including deferral and credit) are taken into account.
Using the inventory control program
Source: shutterstock.com
In the context of control over qatar email list trade turnover, this system provides a number of advantages, as well as the ability to:
analyze sales for each product;
monitor the total volume of funds in the turnover of goods;
monitor the difference between the purchase price and the sale price;
evaluate the profitability of each product;
automatically calculate the cost price of goods taking into account changes in purchase prices.
By automating business operations and eliminating the human factor, employee productivity increases significantly and the likelihood of errors is reduced to a minimum.
Increase Your Profits by 10X: 5 Key Metrics You Must Track
Alexander Kuleshov
Alexander Kuleshov
General Director of Sales Generator LLC
Read more posts on my personal blog:
After working with over 300 online projects , I can guarantee: monitor these metrics weekly and your company will not only survive, but also increase its profits by 10 times!
In the context of sanctions and crisis, knowing the ROI of your advertising decides whether your business will be successful. Tracking these 5 critical indicators is the key to your prosperity.
What you get for free:
5 Key Metrics to Increase Profits by 220%
The Secret ROI Formula: Instant Advertising Efficiency Calculator
Anti-crisis Solutions Matrix: Find the Perfect Strategy for Your Business in 15 Minutes
We have prepared all the documents and templates with formulas for you. And yes, it is FREE:
Download documents for free
Already downloaded
153423
Calculation of the volume of trade turnover
Various calculation methods are used to estimate the volume of turnover, including both basic and innovative approaches. Small commercial establishments do not need to delve into complex calculations. It is enough to use simplified methods of turnover analysis.
Classic turnover indicator
The simplest expression for estimating the daily sales volume of a retail store is:
RTO = CT x CT
Where:
CT — quantity of units of goods;
CT is the cost of goods.
Example of calculating the volume of trade turnover:
Over a 30-day period, 200 units of colored paper were sold. The cost price of each unit is 150 rubles. In this case, the RTO of colored paper will be: 200 x 150 = 30 thousand rubles.
In exactly the same way, PTO can be calculated for each object position.
Classic turnover indicator
Source: shutterstock.com
In practice, the use of this formula is extremely rare, with the exception of stores and private entrepreneurs offering a limited selection of goods.
Instead, companies rely on various documents such as:
reports on accounting activities;
documents of primary importance;
statistics.
The information required for analysis can be obtained from the cash report and bank statement. In accounting, revenue from sales made for cash is reflected by the entry DT-50 KT-46. For analysis, indicators for the year, month or quarter are taken.
To determine the turnover of goods, a special formula is used that takes into account the amount of cash in the cash register and in the accounts at the beginning and end of the period. The difference between these values indicates the total revenue for the selected time period:
PTO = (NK + DC) - (NN + DN)
Where:
NK (initial cash register) - the amount of cash in the cash register at the end of the day;
DK - cash in accounts at the end of the day;
NS (cash) - the amount of cash at the beginning of the day,
DN - finances in accounts at the beginning of the day.
In this case, only financial resources received as a result of payment for goods (including deferral and credit) are taken into account.