Is there a report or can someone help me create a custom report to show profit percentage for each line item sold? I want a report that shows the inventory item, sales price, cost of goods, customer name, invoice # and the profit percentage for each line item. I have attached the Sales Vs Cost Report I have created in QB but I need to show the percent Profit. Thanks.
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I have many items that I sell for over the 100% profit margin. When I run the report it does not go beyond the 100%. Is there a way to run a report that tells me what is selling at 110 to 200% profit?
In QuickBooks, the reports only show a profit margin of 100%. Let me discuss this further.
The % of Sales column on reports only show a maximum of 100% per item. This is based on the calculation of QuickBooks by dividing your gross profit by your sales. Then multiply it by 100.
In addition, you can still pull up your sales reports to view the % of Sales for your items. You can also pull up the Inventory valuation Summary report.
For further information, you can refer to this article: Small Business: How-To Calculate a Gross Profit Margin.
Please let me know if you have any other questions or concerns. I'll only be a post away.