In Odoo 18 POS, understanding and managing margin and cost is crucial for maintaining profitability and making informed business decisions. Here’s a breakdown of how you can effectively handle these aspects: 1. Setting Up Product Costs: Standard Price: This is the default cost price for a product, often used for inventory valuation and accounting purposes. […]
Margin and cost are important in a point-of-sale (POS) system, as they directly impact your business’s profitability. Here’s a breakdown of these terms and how they function in POS: Margin: This refers to the difference between a product’s selling price and its cost price, typically expressed as a percentage. It essentially represents the profit you […]
An essential indicator of a company’s profitability is its margin. Businesses may assess how well they turn sales into profits by measuring the difference between sales revenue and associated costs. In Odoo, margins are often associated with the pricing of products. The margin represents the difference between the cost price and the selling price of […]