- You need Reports, Stock, Timeclock, Salary & Payroll permission to view the Gross Profit Reporting Suite in Loaded. If you don't have access to this module, ask someone with the Manager's permission to update your user permissions.
- Gross Profit refers to the profitability you have when you subtract your Cost of Goods and Labour Cost from your Total Sales for the period.
Being able to monitor Gross Profit in real-time is the Holy Grail of Managing a hospitality business. If you understand this accurately every day then you have the ability to take control of the performance and success of your outlet or group of outlets.
Two key reports for monitoring and managing Gross Profit
1. Gross Profit Overview Report - This report shows your Actual Sales, less your Labour cost and expected Cost of Goods for the period. That data is used to calculate your Gross Profit in dollar value and as a percentage of sales. This is a great report to see your most profitable days, weeks, and half-hour periods so you can focus your time on where you can make the most improvement.
2. Gross Profit Purchases Report - This report shows your Actual Sales, less your Labour cost, and Received Stock for the reporting period. From this, we can show you your Gross Profit Cashflow in value and as a percentage of sales. This is a great report to see whether your business is doing a good job of managing your Labour and Stock purchasing in line with the revenue your business is doing. Strong monitoring and control of this will see more dollars flowing to your bank account.
Watch the quick overview video