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Sales and Tax Overview

Sales Revenue Tracking​

Track your total sales revenue over any period-daily, weekly, monthly, or custom ranges. This report includes:

  • Transaction totals

  • Tax-exclusive and tax-inclusive amounts

  • Filters by store location, date, and staff

Example:
Generate a report for April 1–30 showing total sales of $45,200 across all stores.

Gross Profit Calculation​

Gross profit is calculated using this formula:

Gross Profit = Sales Revenue - COGS - GST

  • COGS (Cost of Goods Sold) is calculated using the average cost of your stock at the time of sale.

  • GST is deducted based on the applicable tax rate (typically 10% in Australia).

    GST = Gross Sales / 11

Example:

  • Product sold: $100

  • Avg. COGS: $60

  • GST (10%): $10

  • Gross Profit: $30

This ensures accurate profitability analysis and helps you plan inventory and pricing better.

Filtering by Location and Staff​

You can filter all sales reports by:

  • Store location (e.g., Sydney, Melbourne, Online)

  • Staff member (e.g., “J. Smith”)

This enables:

  • Location-based performance comparison

  • Individual staff productivity reviews

  • Tailored reports for management and HR use

GST Reporting and Export​

Generate a GST export file in CSV format to assist with your BAS reporting. This file includes:

  • GST collected from customer sales

  • GST paid on supplier invoices

  • Net GST liability for the period

The export ensures ATO compliance and supports quick, accurate reconciliation with your accounting software.