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Calculate gross profits

Questions:

  • How do I calculate my gross profit?
  • How do I calculate my margin?
  • How do I calculate my contribution margin?

Description:

TYRIOS offers you the option of calculating your gross profit and therefore your margin in many places. So you can be sure that you are always profit-orientated. This starts with the maintenance of product data in TYRIOS pim and extends to order and document management in TYRIOS order.

If your company offers services, the term contribution margin, or possibly also contribution margin I, is more commonly used instead of gross profit. The idea behind all these terms is that a product or service to be sold has a purchase price or production costs. And the aim of TYRIOS is that you always keep an eye on this figure. As we have different target groups and different application scenarios with TYRIOS, we always use the term gross profit. However, if you have entered the corresponding production price for the products and orders, then this gross revenue corresponds to the contribution margin I - i.e. the costs required to produce the product or service.

Solution:

Gross revenue calculation in TYRIOS pim

  1. As a user with extended rights, go to the customer area > Product management > Manage articles.
  2. Search for the product you want to manage and select "Edit article" in the line menu.
  3. In the "Prices" tab, you can enter all the prices required to calculate the gross revenue
    1. Under Sales prices, enter the sales price by customer group. You can enter graduated prices if required.
    2. You can also enter the purchase price that applies in this warehouse for all warehouses. TYRIOS automatically calculates an average purchase price based on the warehouse availability and the warehouse purchase price.
    3. For all sales prices, TYRIOS pim shows you the gross profit at the average purchase price. This is done both in absolute terms and as a percentage mark-up.

Gross profit calculation in TYRIOS order

TYRIOS order offers support for calculating the gross profit in both order management and document management. The purchase prices from TYRIOS pim are used automatically. This ensures that you automatically receive a gross profit calculation for all online orders from your online shop. TYRIOS order also allows you to create individual quotations and orders without having to use standardised products from TYRIOS pim. In this case, you also have complete gross revenue support:

  1. As a user with extended rights, go to the customer area > order management > create order manually.
  2. Make sure that your order editor is in clerk mode. Only in this mode will the purchase price and gross profit be displayed. This way you can ensure that your customers do not have any insight into your price calculation.
  3. Create a new item. In addition to the sales price, you can freely enter the purchase price here. If you want to store products from the PIM, you only need to select the corresponding product. The purchase price is taken from the PIM. If you wish, you can change the purchase price or select the purchase price of a specific warehouse.
  4. TYRIOS pim automatically calculates the gross profit including mark-up calculation in per cent for each item as well as a total gross profit for the order. This ensures that you do not sell below the purchase price.

In addition to the order, the gross profit can also be calculated in all sales-relevant documents. This applies, for example, to invoices, invoice corrections, cancellation invoices, credit notes, etc. The procedure is identical to order creation. For documents that are created directly from an order, the purchase price is loaded directly from the order. A manual change is then not possible in the voucher. This is the same behaviour as for the sales price.

The total gross profit of your voucher is also displayed in the voucher overview. Shipping costs are ignored and the cash discount is subtracted from the item-related gross revenue.

The gross revenue is of course also supported for invoice detail rules.

  1. As a user with extended rights, go to the customer area > Order management > Create invoice detail rule
  2. Enter the purchase price and the sales price in your rule. This data is then automatically transferred to the final document.

Gross profit calculation with TYRIOS intelligence

TYRIOS automatically provides you with an overview of your sales and gross profit in the analyses of your business figures. You can group the view by day, week or month.

  1. As a user with extended rights, go to the customer area > Business Intelligence > Show analyses
  2. Select the "Invoice revenue" tab. As with the sales calculation, all sales-relevant documents are used for the analysis.

Tips and Tricks:

Please note

The gross revenue is currently only supported in TYRIOS pim and TYRIOS order. Support in TYRIOS pos (the POS system) is currently not available, as the purchase price cannot currently be systematically supported here.

If your document was created from an order and the item is linked to the order, the purchase price and the gross profit are automatically taken from the order. This also applies to documents that have already been released and published. You therefore only have to maintain the purchase price in the order. You can deactivate this automatic synchronisation in the system settings.

  1. As a user with extended rights, go to the customer area > System > System configuration
  2. Go to the Shop administration area
  3. Under "Gross revenue calculation", activate the checkbox "Do not automatically synchronise purchase prices with documents already created"
  4. Save the system settings.

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