Build: 9505
Build date: 19-Nov-15

The Received Items Report (Excel spreadsheet) now includes the following information for received items in your purchase order list:

  • The retail price, that existed when you created the report, displays in the Current Retail column.
  • The retail margin calculated from your purchase order cost and the retail price, that existed when you created the report, displays in the PO Margin column.

You can create the Received Items Report for a selected purchase order in the P.O. module, in Receiving Mode, when you click Find PO or press F6 (see steps below).

Tip – Let replacement costs inform your business strategy

When you look at margins, don’t forget the replacement cost. While the margin based on what you paid the supplier originally and your retail price may be good, the margin based on the replacement cost may be less.

For example, if you bought a product from a supplier for $10 and sell it for $20, your margin is 50%. However, if the cost of the product has increased to $12 when it’s time to replace it, you’re margin based on the replacement cost is now 40%.

Depending on your business investment strategy, if the replacement cost margin is lower, you may decide to increase the retail price so you have enough money to replace future items.

How to create a Received Items Report

To create a Received Items Report, follow these steps:

  1. Open Paladin Point of Sale.
  2. On the top ribbon, click the P.O. module or press Alt+4.
  3. On the bottom ribbon, click Mode or press F5 to switch to Receive mode.
  4. On the bottom ribbon, click Find P.O. or press F6.
  5. Search for the purchase order to use for the report.
  6. In the PO Details pane, highlight the purchase order.

At the bottom of the Find PO window, click Received Items Report to view an Excel spreadsheet with received item details for the highlighted purchase order.

 

 

If you have questions or suggestions about this information, contact support@paladinpos.com.