This report provides a clear breakdown of sales transactions, Let’s go through each column in the report step by step:
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Date – The date on which the invoice was generated.
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Serial Number – The unique invoice number assigned to each transaction.
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Total Amount – The total invoice value, including all products and applicable taxes.
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Taxable Amount – The amount before tax, showing the net value of goods or services sold.
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Party Company Name – The name of the customer or business associated with the invoice (if available).
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Profit & Loss – The net margin for each invoice, calculated as the difference between the sales price and purchase price of all items in the invoice.
At the bottom, totals are displayed, summarizing the total sales, taxable amounts, and profit/loss for the selected time period.
How it gets calculated ?
The calculation excludes taxes and extra discounts.
Key Calculations:
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Profit/Loss Formula: (QTY * (Unit Price after discount - purchase unit price) ) - Discount given on total amount [Extra Discount]
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Any modifications made to the item in the invoice affect calculations.
