Inventory costing and gross profit
Use moving weighted-average inventory cost to review the stock value, completed-sale COGS and gross profit at each location.
Open this pageDigital PGE Knowledge Base
Search approved answers
Search terms, roles, operating rules and common questions. Every result links back to a maintained Help guide.
No approved answer matches this search yet. Browse the full Help Centre.
Who can use it
Before you start
- Opening stock and supplier receipts have an actual unit cost excluding GST, and the relevant orders are completed.
Know the screen
1
Stock value
Shows quantity and value by location using moving weighted-average cost.
2
COGS and gross profit
Compares completed-order revenue excluding GST with the cost of stock used by those sales.
Step by step
1
Check the period and location filter.
2
Review revenue, COGS, gross profit and margin together.
3
Trace an unexpected result through the linked order and stock ledger.
4
Correct the source operational record with an approved adjustment or reversal; never edit cost history silently.
Watch out
- Gross profit excludes labour, rent, payment fees, delivery commissions and other operating expenses; it is not net profit.
- Supplier catalogue price is a planning reference. Costing uses the actual cost recorded at receipt or opening stock.
UAT screen reference
Screen reference is captured from the UAT page after this workflow is verified.
Pending verified UAT capture
Source page: /inventory/profitability