Cost of Goods Sold Report

Overview
 

This article will discuss the Cost of Goods Sold report. The Cost of Goods Sold Report lists the quantity and cost for all your sale items. It also lists the markup percentage for each time for each item. 

Note: Point of Rental Software’s reports are created from real-time data. If you need the carrying cost value for your monthly finances, be sure to set up your system to automatically run this report when you close for the month (see Parameters > Report Tab).

Topics included in this article

• Report Options
• Cost of Goods Sold Report

Here's how to get there
Expert: Program Menu > Accounting Reports > Accounting Inventory Menu > Cost of Goods Sold Report
Elite: Right Menu > Reports > Cost of Goods Sold Report

 

You will see the following menu:
 

Report Options
 

Report Dates - Enter the beginning and ending dates for the report. The dates will default to the last month.
 

Groups - This option allows you to set groups by GL account, item category, manufacture, or vendor.
 

Selection - You can choose to run the report by item categories. Clicking the categories button will display each category. Choose the ones you want to view on the report.

Category - This button allows you to select only a certain item category to be reported.
 

Store - Allows you to select all stores, your store, or another store location.

Details
 

Print Sale Details - This option prints every sale made during the selected time.
 

Print Item Summary - This option prints the summary cost of goods per sale items without showing each sales detail.
 

Print G/L Account Summary - This option prints the total cost of goods per general ledger account number without showing the item detail.

Options
 

Include Regular Sales Items - This option shows the cost of goods for all normal sale items.
 

Include Inventory Adjustments - This option includes the cost of goods for adjustments made to sale items.
 

Include Items Used in Internal Repair Orders - This option includes the cost of goods for items that were used on repair contracts.
 

Include Items Transferred to Rental - This option includes the cost of goods for items that were transferred into the rental fleet.
 

Include Items with No Purchase Price - With this box checked all items will be shown. Unchecking the box means that only items with cost associated with them will be shown.
 

Report based on Selling Store - With this box checked all items will be shown based on the store selling the item. Unchecking the box will display items based on the home store.
 

Store to report - For multi-store systems, this option sets which store will be reported.
 

Select Printer - This button defines the printer that the report will print to.
 

Cancel - This button will cancel your previous selections and return you to the program menu.
 

Generate - This button will generate the report and display the report on your screen.

Cost of Goods Sold Report

You may be asked to select a batch associated to the end of day for your report. Choose the appropriate batch for the dates and times desired to be shown in the report.
 

The report will look like the following sample:

Note: There are two icons in the upper right corner of the report. One is an Excel icon. It will show expanded information when the report is exported to Excel. The second is a? icon. This is a link that will take you to Net Help documents.

Related articles
 

Accounting Reports
Cost of Goods Sold
Cost of Goods Sold Not Report on G/L
General Ledger