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How can Clover help merchants seamlessly and effortlessly manage their businesses? What features should be added to Clover’s software to improve management functions?

Management Functions: Inventory/Order Management

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Adjust Item Cost options without impacting previous sales for margin reporting

Merchant would like to have options in item cost to adjust cost as it changes without impacting previous sales at the previous cost. Merchant would like to be able to track margins

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Dustin Finney shared this idea  ·   ·  Report…  ·  Admin →
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  • Sarunas Griganavicius commented  ·   ·  Report

    It would be helpful to have an average cost of goods sold. Inventory has an initial COGS when entered. As inventory is added, the remaining inventory in Clover, added to the new inventory, can be calculated at the average cost of the old inventory x the number of units plus the new inventory x the number of units/ total number of units for sale combining old and new inventory for margin considerations. And if done in this manner, the historical inventory margins should not be affected--the margin should be calculated on the average cost of inventory remaining.