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Level 1

Profit Percentage for Inventory Items

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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Best answer December 10, 2018

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Level 15

Profit Percentage for Inventory Items

Did you simply run the Item Profit reports already in the program?

Please see my attachments.

View solution in original post

7 Comments
Highlighted
Level 15

Profit Percentage for Inventory Items

Did you simply run the Item Profit reports already in the program?

Please see my attachments.

View solution in original post

Highlighted
Level 1

Profit Percentage for Inventory Items

Thank you for pointing me in the right direction.
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Anonymous
Not applicable

Profit Percentage for Inventory Items

Reports > Sales > "Sales by Item Summary"

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Level 1

Profit Percentage for Inventory Items

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?

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QuickBooks Team

Profit Percentage for Inventory Items

Hello @marg1,

 

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.

Highlighted
Level 1

Profit Percentage for Inventory Items

They also requested this report to be with customer name... I do not see this as part of the solution... the report requested remains unresolved.... am I missing something?

 

Highlighted
QuickBooks Team

Profit Percentage for Inventory Items

Hi there, @collinsm246.

 

Thanks for joining this thread. I want to make sure you're able to pull the report with the customer's name will appear. 

 

You can run the Sales by Item Summary report in QuickBooks Desktop instead of the Inventory Evaluation Summary to show the % of Salescustomer's name, Gross Margin %, and many more columns.  

 

Here's how:

 

  1. Go to the Reports menu on the upper right side. 
  2. Choose Sales, then select Sales by Item Summary

report.PNG

     3. Click Customize Report located on the upper left side. 

    4. Hit the Filters tab and enter Name in the search box. 

    5. Click the Name drop-down and pick All customer/job.

    6. Tap OK. 

    7. Select Customer: Job in the Show Columns drop-down located on the upper right. 

reports.PNG

report.PNG

 

For the detailed steps about customizing and other related topics, please check out this article: Customize reports in QuickBooks Desktop.

 

You can always export, email, and print different reports in QBDT by going to the Reports menu. See the screenshot below. 

 

reports.PNG

 

Let me know if you have another question. I'll be here for you. 

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