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 %