Here is a clarification on how to identify sales of a specific product with the ability to specify a location, branch, or customer, and the various ways to determine sales of a specific product using different system reports and how to benefit from them.
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Sales and Purchases Summary Report:
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This report allows you to know the quantities sold for each product and the average selling price.
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It shows you the basic details about product sales and purchases, which helps you analyze overall performance.
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You can choose sales only, purchases only, or both from the filter options.
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You can also filter by a specific customer, location, or branch.
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Product Sales Share Report:
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This report provides a comprehensive view of each product’s sales share compared to other products in the specified period.
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It helps you identify the most profitable product and make strategic decisions based on the data.
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Important Note: The Product Sales Share Report displays total sales only without deducting returns. That means if you sold 100 units and 40 were returned, the report will show 100 units, not 60. If you need net sales after deducting returns, use the Sales and Purchases Summary Report because it calculates returns and gives you the net.
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Product Sales Report:
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This report shows each product’s sales compared to the previous period (annually, quarterly, monthly, or weekly).
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This report is useful for evaluating sales performance and verifying the effectiveness of the sales strategies applied, and helps determine whether these strategies achieved the desired goals.
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Additional Notes:
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You can export these reports to PDF format to make it easier to save and share them with your team or stakeholders.
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Use these reports periodically to analyze product sales and make more accurate decisions regarding future business strategies.
