The article has been updated successfully.How do I get an accurate view of my Cost of Goods and labour?
The retail price the customer pays for a custom frame is shown in the top right corner of the work order. Your COG is shown in the lower left hand corner in light grey (level2-4 only). To get a breakdown of cost for each item on a work order, go to Scripts > Cost Report for Found Set. Or click on the Print Documents side bar button and select the Wholesale Costs button. Remember, this gives you a cost report for ALL of the records in your found set. So, if you only want the report for one order, make sure that it is the only one showing in your List View or that your found set is "1 of 1".The cost report calculates the cost of the portion of matboard you will use; rounded up to 1/4, 1/2 or a full sheet. To be accurate, make sure that you have entered in the wholesale cost of items in the Price Codes file. E.g. glass, mounting, hardware. Check your cost percentage and aim to have it below 30%.
When your selling price is too close to your purchasing price, the percentage is too high.
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Last Updated
15th of January, 2010
