Here are some hints on how to protect your margin
Profit Colours
To quickly determine what GP% you are achieving on each product, you can see the legend of what the colour represent by following the steps in this document.
Minimum GP% protection per department
Setup a Minimum GP% allowed per department, which ensures you stop POS users from selling items below a specified GP%.
Note: This warning is only activated if the following POS Setting has been set to Yes.
Item | Image |
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in POS Settings Click on the POS Settings tab Check min GP Percent on Dockets |
Department Setup
Item | Image |
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Search for Department Click on Enter Department Codes | |
To “prompt” to the POS operator that they are going below a GP% as a warning only, enter in a GP% in the Minimum profit % sales WARNING level field. To STOP users from going under a GP%, put that GP in the Minimum profit % Sales STOP Level. |
POS
In the above example, the following is displayed if the GP% is below 10%
Discount Reasons
Many stores don't realise how much discounts they are giving away each day.
You should prompt for “Discount Reasons” each time a discount is overridden to protect your stores profit.
Here is a sample list of Discount Reasons, but you can add or change these by following this document.
These reasons are shown in the Day Book Report - Exception Reports - Discount Reason Report
You can run this report which is an option in the Day Book report.
Below Minimum GP% Report
Run the Below Minimum GP% Report by following these steps.