Gross Margin % is calculated in Heartland Retail as follows:
Net sales - item sold cost = gross margin
Gross margin divided by net sales = gross margin percentage
Gross margin % = percentage of net sales sold
Sold Margin % excludes returns, and is calculated in Heartland Retail as follows:
Gross Sales - Cost of Items Sold (not returned) = Sold Margin
Sold margin divided by gross sales = sold margin percentage
Sold margin % = percentage of gross sales sold.
Below are reports you can build in Heartland Retail to see how Gross and Sold Margin %'s are calculated.
Gross Margin %:
Filters:
Select the date you would like to view
Groups: You can choose from a variety of groups, depending on what you would like to see, including the following:
Sales Transaction >> Ticket #
Item #
Date
Metrics:
Source Sales >> Net Sales
Source Sales >> Net Item Sold Cost
Source Sales >> Gross Margin
Source Sales >> Gross Margin %
Sold Margin %:
Filters:
Select the date you would like to view
Groups: You can choose from a variety of groups, depending on what you would like to see, including the following:
Sales Transaction >> Ticket #
Item #
Date
Metrics:
Source Sales >> Gross Sales
Source Sales >> Net Sales
Source Sales >> Net Item Sold Cost
Source Sales >> Gross Margin
Source Sales >> Sold Margin
Source Sales >> Gross Margin %
Source Sales >> Sold Margin %