x

Changing Unit Costs for Projected Profit Report

When I receive items I assign a unit cost per item. I often need to change that unit cost at a later date. Here is one example (of many): I buy wholesale items from Faire at a certain cost and try them out for 60 days. If I don't want to keep them in my shop, Faire will sometimes offer me a refund to convince me to keep them. So, originally Item A cost $10. But before I pay the invoice, the unit cost of Item A has changed and is now $7. When I go in to Square and change those, nothing seems to change in the Projected Profit report. PP report keeps a running total (albeit not in real time) of my current inventory. It would be nice if those changes could be reflected in that report. This does not happen, even months later. Do I need to delete the original product and create a new listing with the new item costs in order for this to be reflected in my Total Inventory Value? Ideally I would like to be able to look at my inventory total on a monthly basis and how much money I have tied up in inventory at any given time. Thanks so much for your help!

558 Views
Message 1 of 2
Report
1 REPLY 1
Square Community Moderator

Hey there, @ShopGirlNY152 

 

At this time, the best way to keep your inventory updated would be to delete the item and add it again with the correct pricing. I know this isn't convenient and for that reason, I recommend you submit a Feature Request here. This will help our product team get visibility and track other Sellers with similar interest in your request. 

 

Important: When submitting a request, make sure to include the desired feature, and provide the details of how this feature will help your business succeed (how would you use it and what you expect from it).

JJ
Community Moderator, Square
Sign in and click Mark as Best Answer if my reply answers your question.
507 Views
Message 2 of 2
Report