Item Profit Margin Configuration and Report for SkyTab POS

Description: Learn the item profit margin configuration to ensure precise pricing and maximum profitability for your inventory using SkyTab POS software.

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Profit Margin Functionality Overview

To ensure the SkyTab POS profit margin feature delivers accurate financial data, each item must be configured with its specific Item Cost. Without these cost settings, the software cannot calculate or report true profitability for your business. 

Item Cost Configuration in POS Terminal

To configure item cost in SkyTab POS, proceed with the following steps:

1. Navigate to Manager > Settings > Menu > Items.
2. Select the desired item from the left side menu.
3. In the Item Cost section, enter the amount of item cost.
4. Select Save to confirm the changes.
5. Repeat the same steps for other items.
   

Item Cost Configuration in SkyTab Lighthouse Business Manager

To configure item cost in SkyTab Lighthouse Business Manager, proceed with the following steps:

1. Navigate to SkyTab Settings > Menu > Items.
2. Select the desired item from the menu.
3. In the Item Cost section, enter the amount of item cost.
4. Select Save to confirm the changes.
5. Repeat the same steps for other items.
   

Profit Margin Report

In both SkyTab POS and Lighthouse Business Manager, the report is called Profit Margin. The report provides a granular breakdown of your item-level profitability, comparing individual costs against actual sales performance. By tracking metrics like average sale price and profit margin percentage. It helps you identify which items are driving your bottom line and where heavy discounting might be eroding your gains. For more information on how to access reports, refer to Reporting Overview in SkyTab POS or Run/Subscribe to Reports in SkyTab Lighthouse Business Manager depending on software/portal used for generating reports.