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Home > Help > TechHelp > Directory > Access > Profit & COGS < Record Locks | Multi-Table Update >
 
Profit & COGS
By Richard Rost   Richard Rost on Twitter Richard Rost on LinkedIn Email Richard Rost   27 days ago

Net Profit and Cost of Goods Sold for Orders


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In this video, I'll show you how to take my free Invoicing Template and add a unit cost to each line item. This will allow you to calculate your net profit for each order and, in turn, your Cost of Goods Sold (COGS).

Emerson from Chesterfield, UK (a Platinum Member) asks: I'm using your Invoicing Template. How can I add the cost of each item sold so that I can calculate my net profit for each order, and my Cost of Goods Sold for the quarter?

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Members will add Unit Cost to the Product Table in the Member version of the Invoicing Template. We'll add it to the product combo box on the order form so it automatically populates into the order detail form. Then we'll create am aggregate query showing COGS for each quarter

Silver Members and up get access to an Extended Cut of this video. Gold Members can download the database template from class plus get access to the Code Vault. If you signed up on YouTube you have to contact me so I can set up your account here on my web site. If you're not a member, Join Today!

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Keywords

microsoft access, ms access, #msaccess, #microsoftaccess, #help, #howto, #tutorial, #instruction, #learn, #lesson, #training, #database, calculate profit, gross profit margin, cost of goods sold, cogs, profit for each month, profit for quarter

 

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Michelle Seidelin 
15 days ago
Hello Richard

I am just wondering if there is a way of doing a summary as shown in your video is it possible to do it by year starting 2021 and this is when I have so records of my pricing and costs Read More...
Richard Rost
15 days ago
Sure, just set a query criteria for the start date:

>=#1/1/2021#
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