SlideShare a Scribd company logo
How to Analyse Profit of
a Sales Order in Odoo 17
Enterprise
Introduction
Enterpris
e
Sales margin plays a crucial role in the corporate world as a
compass that directs enterprises towards profitability. It is the
discrepancy between a good or service's selling price and its
production or acquisition costs. This margin shows a
company's capacity to produce income in addition to how well
it manages expenses.
Additionally, a key performance indicator (KPI) for evaluating
a company's competitiveness and financial stability is sales
margin. Businesses may spot areas for development, modify
pricing tactics, reorganise processes, and remain ahead of
market swings by tracking and optimising sales margins.
Enterpris
e
Defining Sales Margin
● The Sales margin, often dubbed the 'profit margin,’ is the
lifeblood of a thriving enterprise.
● It represents the profit derived from each sale, a critical
metric that can make or break a company’s financial
health.
● Every transaction, whether in goods or services, is closely
linked to this key parameter.
● The sales margin takes into account an array of factors,
from manufacturing costs to product pricing, employee
salaries, and advertising expenses.
Enterpris
e
The Crucial Equation
● The equation for calculating the sales margin is
straightforward yet profound.
● It is essentially the difference between the selling price of
a product or service and the total cost associated with it.
● In a dynamic business environment where profit is
paramount, the accurate and timely calculation of this
margin becomes more critical than ever.
● It is a compass that guides businesses toward
prosperous shores and a remedy against losses and
miscalculations.
Enterpris
e
The Role of Sales Managers
● In the modern landscape, sales managers play a pivotal
role in shaping the trajectory of a business.
● Armed with the capability to calculate margins, they can
offer customers accurate pricing.
● With a clear grasp of margin data, sales managers can
provide customers with enticing discounts and offers,
driving customer loyalty and satisfaction.
Enterpris
e
Activating the Margins Feature
● For businesses that sell a variety of products and services
to customers scattered across different locations,
enabling margin control can be a challenge.
● Transportation expenses, for instance, can greatly
influence the final profit margin.
● Odoo ERP provides a solution that allows you to master
the complexities of profit control, offering an integrated
system for managing sales margins.
● However, before diving into the intricacies, it is essential
to activate the ‘Margins’ feature.
● This can be done in the ‘Settings’ window of the Odoo 17
Sales module.
Enterpris
e
Enterpris
e
Calculating Sales Margins for Orders
● The cornerstone of sales margin management is to focus on the
growth of our business. The sales margin calculation hinges on
meticulous summation.
● Various cost components come into play- from manufacturing
costs to material expenses, including advertising outlays and
much more.
● The actual formula for margin calculation is straightforward - it
is the sales price of a product or service subtracted from the
total cost associated with its production.
● Accurate product pricing is a critical determinant of profit, and
slight deviation can lead to substantial financial losses.
Enterpris
e
Practical Implementation in Odoo 17
● In Odoo 17, calculating margins becomes
straightforward.
● By creating a sales order, you can conveniently set the
margin for your products.
● Begin by navigating to the ‘Orders’ menu within the
‘Orders’ tab.
Enterpris
e
Enterpris
e
Enterpris
e
● The ‘Kanban’ view gives you a holistic view of your sales
orders, displaying essential details like the total price,
customer names, order IDs, and much more separately.
Enterpris
e
you can generate a new sales order by clicking the ‘New’ icon.
Enterpris
e
● In the ensuing window, choose the customer and specify
the invoice and delivery addresses in the Invoice Address
and Delivery Address field.
● Here, we can select ‘Wood Corner’ as Customer, the
Invoice Address and the Delivery address of the
customer will be automatically allocated.
Enterpris
e
Enterpris
e
● In addition, we can mention the Quotation Template,
Recurring Plan, Pricelist, and Payment Terms in the
respective fields.
● If we want to repeat the sales order on another day, we
can set a recurrence using the Recurring Plan field.
● Based on our requirements, it can be monthly, weekly,
daily, or a custom interval.
● Here, we can choose monthly. We can also set the
Payment Term to ‘Immediate Payment.’
Enterpris
e
Enterpris
e
Select the product for the order from your list of
products
Enterpris
e
we choose the product Quantity as one, and then we can click
on the Internal Link situated near to the product name.
Enterpris
e
In the Product window, we can see that the Sales Price is set at
$295.00, and the Cost is $287.00
Enterpris
e
● The sales margin can be set up by deducting the total
product cost from the sales price.
● Then, sales margin equals Sales price - Cost price (Sales
Margin = Sales price - Cost price).
● In the case of the product, the Acoustic Bloc Screen, the
cost is $287, and the Sales price is $295.
● Therefore, Sales margin =$ 295 - $287 = $ 8.
Enterpris
e
Enterpris
e
● In addition, you can view the Margin rate and the Margin
percentage in the Order Lines itself by activating the ‘Margin’
and ‘Margin (%)’ fields
Enterpris
e
The Power of Automatic Margin Calculation
● In Odoo 17, once we have set the margin parameters, the
system will automatically calculate the margin for each
product.
● This seamless process ensures us that we are always
aware of our profit margins and provides real-time
financial insights for strategic decision-making.
● This transparent and dynamic margin calculation can
significantly streamline our business operations.
For More Info.
Check our company website for related
blogs and Odoo book.
Check our YouTube channel for
functional and technical videos in Odoo.
Enterpris
e
www.cybrosys.com

More Related Content

Similar to How to Analyse Profit of a Sales Order in Odoo 17

Contributionmargin
ContributionmarginContributionmargin
Contributionmargin
Statseeker
 
Measuring ROI in Digital Marketing_ Metrics That Matter.pdf
Measuring ROI in Digital Marketing_ Metrics That Matter.pdfMeasuring ROI in Digital Marketing_ Metrics That Matter.pdf
Measuring ROI in Digital Marketing_ Metrics That Matter.pdf
FirstDigiAdd3
 
Introducing Smart Targets - SMX London 2020
Introducing Smart Targets - SMX London 2020Introducing Smart Targets - SMX London 2020
Introducing Smart Targets - SMX London 2020
Wijnand Meijer
 
CVP analyses
CVP analysesCVP analyses
CVP analyses
khanzazaikhan
 
Production hard copy final
Production hard copy finalProduction hard copy final
Production hard copy final
Reeti Singh
 
Break even analysis
Break even analysisBreak even analysis
Break even analysis
Abhilash Kallayil
 
Analysing a business' gross profit margin
Analysing a business' gross profit marginAnalysing a business' gross profit margin
Analysing a business' gross profit margin
Geoff Burton
 
Break even analysis
Break even analysisBreak even analysis
Break even analysis
Rachit Srivastava
 
OpenERP Functional Memento
OpenERP Functional MementoOpenERP Functional Memento
OpenERP Functional Memento
Odoo
 
cost-volume-profit analysis.ppt(managerial accounting).pptx
cost-volume-profit analysis.ppt(managerial accounting).pptxcost-volume-profit analysis.ppt(managerial accounting).pptx
cost-volume-profit analysis.ppt(managerial accounting).pptx
azadalisthp2020i
 
Economis assigignmet 1
Economis assigignmet 1Economis assigignmet 1
Economis assigignmet 1
MuhMostafa
 
Digital Businesses Need New KPIs
Digital Businesses Need New KPIsDigital Businesses Need New KPIs
Digital Businesses Need New KPIs
aNumak & Company
 
How to use the Automatic Round Off feature in Tally ERP 9?
How to use the Automatic Round Off feature in Tally ERP 9?How to use the Automatic Round Off feature in Tally ERP 9?
How to use the Automatic Round Off feature in Tally ERP 9?
YENNES Infotec (P) Limited
 
Longview profitability analytics
Longview profitability analyticsLongview profitability analytics
Longview profitability analytics
Longview
 
Lecture 15 CVP analysis_ Breakeven point.pptx
Lecture 15 CVP analysis_ Breakeven point.pptxLecture 15 CVP analysis_ Breakeven point.pptx
Lecture 15 CVP analysis_ Breakeven point.pptx
chetan771658
 
Opti q1.ppt
Opti q1.pptOpti q1.ppt
Opti q1.ppt
Rahid Kader
 
How to break through the million dollar level and beyond in 2013
How to break through the million dollar level and beyond in 2013How to break through the million dollar level and beyond in 2013
How to break through the million dollar level and beyond in 2013
PCO Bookkeepers
 
costing and pricing.pptx
costing and pricing.pptxcosting and pricing.pptx
costing and pricing.pptx
KarthigeyanCII
 
strategie bazata pe profit eng - discutie client
strategie bazata pe profit eng - discutie clientstrategie bazata pe profit eng - discutie client
strategie bazata pe profit eng - discutie client
Dalia Anghel
 
Lean pricing startups
Lean pricing startupsLean pricing startups
Lean pricing startups
Omar Mohout
 

Similar to How to Analyse Profit of a Sales Order in Odoo 17 (20)

Contributionmargin
ContributionmarginContributionmargin
Contributionmargin
 
Measuring ROI in Digital Marketing_ Metrics That Matter.pdf
Measuring ROI in Digital Marketing_ Metrics That Matter.pdfMeasuring ROI in Digital Marketing_ Metrics That Matter.pdf
Measuring ROI in Digital Marketing_ Metrics That Matter.pdf
 
Introducing Smart Targets - SMX London 2020
Introducing Smart Targets - SMX London 2020Introducing Smart Targets - SMX London 2020
Introducing Smart Targets - SMX London 2020
 
CVP analyses
CVP analysesCVP analyses
CVP analyses
 
Production hard copy final
Production hard copy finalProduction hard copy final
Production hard copy final
 
Break even analysis
Break even analysisBreak even analysis
Break even analysis
 
Analysing a business' gross profit margin
Analysing a business' gross profit marginAnalysing a business' gross profit margin
Analysing a business' gross profit margin
 
Break even analysis
Break even analysisBreak even analysis
Break even analysis
 
OpenERP Functional Memento
OpenERP Functional MementoOpenERP Functional Memento
OpenERP Functional Memento
 
cost-volume-profit analysis.ppt(managerial accounting).pptx
cost-volume-profit analysis.ppt(managerial accounting).pptxcost-volume-profit analysis.ppt(managerial accounting).pptx
cost-volume-profit analysis.ppt(managerial accounting).pptx
 
Economis assigignmet 1
Economis assigignmet 1Economis assigignmet 1
Economis assigignmet 1
 
Digital Businesses Need New KPIs
Digital Businesses Need New KPIsDigital Businesses Need New KPIs
Digital Businesses Need New KPIs
 
How to use the Automatic Round Off feature in Tally ERP 9?
How to use the Automatic Round Off feature in Tally ERP 9?How to use the Automatic Round Off feature in Tally ERP 9?
How to use the Automatic Round Off feature in Tally ERP 9?
 
Longview profitability analytics
Longview profitability analyticsLongview profitability analytics
Longview profitability analytics
 
Lecture 15 CVP analysis_ Breakeven point.pptx
Lecture 15 CVP analysis_ Breakeven point.pptxLecture 15 CVP analysis_ Breakeven point.pptx
Lecture 15 CVP analysis_ Breakeven point.pptx
 
Opti q1.ppt
Opti q1.pptOpti q1.ppt
Opti q1.ppt
 
How to break through the million dollar level and beyond in 2013
How to break through the million dollar level and beyond in 2013How to break through the million dollar level and beyond in 2013
How to break through the million dollar level and beyond in 2013
 
costing and pricing.pptx
costing and pricing.pptxcosting and pricing.pptx
costing and pricing.pptx
 
strategie bazata pe profit eng - discutie client
strategie bazata pe profit eng - discutie clientstrategie bazata pe profit eng - discutie client
strategie bazata pe profit eng - discutie client
 
Lean pricing startups
Lean pricing startupsLean pricing startups
Lean pricing startups
 

More from Celine George

How to Predict Vendor Bill Product in Odoo 17
How to Predict Vendor Bill Product in Odoo 17How to Predict Vendor Bill Product in Odoo 17
How to Predict Vendor Bill Product in Odoo 17
Celine George
 
How Barcodes Can Be Leveraged Within Odoo 17
How Barcodes Can Be Leveraged Within Odoo 17How Barcodes Can Be Leveraged Within Odoo 17
How Barcodes Can Be Leveraged Within Odoo 17
Celine George
 
How to Setup Warehouse & Location in Odoo 17 Inventory
How to Setup Warehouse & Location in Odoo 17 InventoryHow to Setup Warehouse & Location in Odoo 17 Inventory
How to Setup Warehouse & Location in Odoo 17 Inventory
Celine George
 
How to Make a Field Mandatory in Odoo 17
How to Make a Field Mandatory in Odoo 17How to Make a Field Mandatory in Odoo 17
How to Make a Field Mandatory in Odoo 17
Celine George
 
How to Fix the Import Error in the Odoo 17
How to Fix the Import Error in the Odoo 17How to Fix the Import Error in the Odoo 17
How to Fix the Import Error in the Odoo 17
Celine George
 
How to Manage Your Lost Opportunities in Odoo 17 CRM
How to Manage Your Lost Opportunities in Odoo 17 CRMHow to Manage Your Lost Opportunities in Odoo 17 CRM
How to Manage Your Lost Opportunities in Odoo 17 CRM
Celine George
 
How to Build a Module in Odoo 17 Using the Scaffold Method
How to Build a Module in Odoo 17 Using the Scaffold MethodHow to Build a Module in Odoo 17 Using the Scaffold Method
How to Build a Module in Odoo 17 Using the Scaffold Method
Celine George
 
How to Add Chatter in the odoo 17 ERP Module
How to Add Chatter in the odoo 17 ERP ModuleHow to Add Chatter in the odoo 17 ERP Module
How to Add Chatter in the odoo 17 ERP Module
Celine George
 
Model Attribute Check Company Auto Property
Model Attribute  Check Company Auto PropertyModel Attribute  Check Company Auto Property
Model Attribute Check Company Auto Property
Celine George
 
How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17
Celine George
 
How to Split Bills in the Odoo 17 POS Module
How to Split Bills in the Odoo 17 POS ModuleHow to Split Bills in the Odoo 17 POS Module
How to Split Bills in the Odoo 17 POS Module
Celine George
 
How to Create Map Views in the Odoo 17 ERP
How to Create Map Views in the Odoo 17 ERPHow to Create Map Views in the Odoo 17 ERP
How to Create Map Views in the Odoo 17 ERP
Celine George
 
How to Manage Notification Preferences in the Odoo 17
How to Manage Notification Preferences in the Odoo 17How to Manage Notification Preferences in the Odoo 17
How to Manage Notification Preferences in the Odoo 17
Celine George
 
How to the fix Attribute Error in odoo 17
How to the fix Attribute Error in odoo 17How to the fix Attribute Error in odoo 17
How to the fix Attribute Error in odoo 17
Celine George
 
Incoming and Outgoing Shipments in 2 STEPS Using Odoo 17
Incoming and Outgoing Shipments in 2 STEPS Using Odoo 17Incoming and Outgoing Shipments in 2 STEPS Using Odoo 17
Incoming and Outgoing Shipments in 2 STEPS Using Odoo 17
Celine George
 
An Overview of the Odoo 17 Discuss App.pptx
An Overview of the Odoo 17 Discuss App.pptxAn Overview of the Odoo 17 Discuss App.pptx
An Overview of the Odoo 17 Discuss App.pptx
Celine George
 
Removal Strategy _ FEFO _ Working with Perishable Products in Odoo 17
Removal Strategy _ FEFO _ Working with Perishable Products in Odoo 17Removal Strategy _ FEFO _ Working with Perishable Products in Odoo 17
Removal Strategy _ FEFO _ Working with Perishable Products in Odoo 17
Celine George
 
Features of Video Calls in the Discuss Module in Odoo 17
Features of Video Calls in the Discuss Module in Odoo 17Features of Video Calls in the Discuss Module in Odoo 17
Features of Video Calls in the Discuss Module in Odoo 17
Celine George
 
How to Manage Closest Location in Odoo 17 Inventory
How to Manage Closest Location in Odoo 17 InventoryHow to Manage Closest Location in Odoo 17 Inventory
How to Manage Closest Location in Odoo 17 Inventory
Celine George
 
An Overview of the Odoo 17 Knowledge App
An Overview of the Odoo 17 Knowledge AppAn Overview of the Odoo 17 Knowledge App
An Overview of the Odoo 17 Knowledge App
Celine George
 

More from Celine George (20)

How to Predict Vendor Bill Product in Odoo 17
How to Predict Vendor Bill Product in Odoo 17How to Predict Vendor Bill Product in Odoo 17
How to Predict Vendor Bill Product in Odoo 17
 
How Barcodes Can Be Leveraged Within Odoo 17
How Barcodes Can Be Leveraged Within Odoo 17How Barcodes Can Be Leveraged Within Odoo 17
How Barcodes Can Be Leveraged Within Odoo 17
 
How to Setup Warehouse & Location in Odoo 17 Inventory
How to Setup Warehouse & Location in Odoo 17 InventoryHow to Setup Warehouse & Location in Odoo 17 Inventory
How to Setup Warehouse & Location in Odoo 17 Inventory
 
How to Make a Field Mandatory in Odoo 17
How to Make a Field Mandatory in Odoo 17How to Make a Field Mandatory in Odoo 17
How to Make a Field Mandatory in Odoo 17
 
How to Fix the Import Error in the Odoo 17
How to Fix the Import Error in the Odoo 17How to Fix the Import Error in the Odoo 17
How to Fix the Import Error in the Odoo 17
 
How to Manage Your Lost Opportunities in Odoo 17 CRM
How to Manage Your Lost Opportunities in Odoo 17 CRMHow to Manage Your Lost Opportunities in Odoo 17 CRM
How to Manage Your Lost Opportunities in Odoo 17 CRM
 
How to Build a Module in Odoo 17 Using the Scaffold Method
How to Build a Module in Odoo 17 Using the Scaffold MethodHow to Build a Module in Odoo 17 Using the Scaffold Method
How to Build a Module in Odoo 17 Using the Scaffold Method
 
How to Add Chatter in the odoo 17 ERP Module
How to Add Chatter in the odoo 17 ERP ModuleHow to Add Chatter in the odoo 17 ERP Module
How to Add Chatter in the odoo 17 ERP Module
 
Model Attribute Check Company Auto Property
Model Attribute  Check Company Auto PropertyModel Attribute  Check Company Auto Property
Model Attribute Check Company Auto Property
 
How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17
 
How to Split Bills in the Odoo 17 POS Module
How to Split Bills in the Odoo 17 POS ModuleHow to Split Bills in the Odoo 17 POS Module
How to Split Bills in the Odoo 17 POS Module
 
How to Create Map Views in the Odoo 17 ERP
How to Create Map Views in the Odoo 17 ERPHow to Create Map Views in the Odoo 17 ERP
How to Create Map Views in the Odoo 17 ERP
 
How to Manage Notification Preferences in the Odoo 17
How to Manage Notification Preferences in the Odoo 17How to Manage Notification Preferences in the Odoo 17
How to Manage Notification Preferences in the Odoo 17
 
How to the fix Attribute Error in odoo 17
How to the fix Attribute Error in odoo 17How to the fix Attribute Error in odoo 17
How to the fix Attribute Error in odoo 17
 
Incoming and Outgoing Shipments in 2 STEPS Using Odoo 17
Incoming and Outgoing Shipments in 2 STEPS Using Odoo 17Incoming and Outgoing Shipments in 2 STEPS Using Odoo 17
Incoming and Outgoing Shipments in 2 STEPS Using Odoo 17
 
An Overview of the Odoo 17 Discuss App.pptx
An Overview of the Odoo 17 Discuss App.pptxAn Overview of the Odoo 17 Discuss App.pptx
An Overview of the Odoo 17 Discuss App.pptx
 
Removal Strategy _ FEFO _ Working with Perishable Products in Odoo 17
Removal Strategy _ FEFO _ Working with Perishable Products in Odoo 17Removal Strategy _ FEFO _ Working with Perishable Products in Odoo 17
Removal Strategy _ FEFO _ Working with Perishable Products in Odoo 17
 
Features of Video Calls in the Discuss Module in Odoo 17
Features of Video Calls in the Discuss Module in Odoo 17Features of Video Calls in the Discuss Module in Odoo 17
Features of Video Calls in the Discuss Module in Odoo 17
 
How to Manage Closest Location in Odoo 17 Inventory
How to Manage Closest Location in Odoo 17 InventoryHow to Manage Closest Location in Odoo 17 Inventory
How to Manage Closest Location in Odoo 17 Inventory
 
An Overview of the Odoo 17 Knowledge App
An Overview of the Odoo 17 Knowledge AppAn Overview of the Odoo 17 Knowledge App
An Overview of the Odoo 17 Knowledge App
 

Recently uploaded

Digital Artifact 1 - 10VCD Environments Unit
Digital Artifact 1 - 10VCD Environments UnitDigital Artifact 1 - 10VCD Environments Unit
Digital Artifact 1 - 10VCD Environments Unit
chanes7
 
Hindi varnamala | hindi alphabet PPT.pdf
Hindi varnamala | hindi alphabet PPT.pdfHindi varnamala | hindi alphabet PPT.pdf
Hindi varnamala | hindi alphabet PPT.pdf
Dr. Mulla Adam Ali
 
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
Nguyen Thanh Tu Collection
 
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
IreneSebastianRueco1
 
Smart-Money for SMC traders good time and ICT
Smart-Money for SMC traders good time and ICTSmart-Money for SMC traders good time and ICT
Smart-Money for SMC traders good time and ICT
simonomuemu
 
MARY JANE WILSON, A “BOA MÃE” .
MARY JANE WILSON, A “BOA MÃE”           .MARY JANE WILSON, A “BOA MÃE”           .
MARY JANE WILSON, A “BOA MÃE” .
Colégio Santa Teresinha
 
A Independência da América Espanhola LAPBOOK.pdf
A Independência da América Espanhola LAPBOOK.pdfA Independência da América Espanhola LAPBOOK.pdf
A Independência da América Espanhola LAPBOOK.pdf
Jean Carlos Nunes Paixão
 
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UPLAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
RAHUL
 
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
PECB
 
South African Journal of Science: Writing with integrity workshop (2024)
South African Journal of Science: Writing with integrity workshop (2024)South African Journal of Science: Writing with integrity workshop (2024)
South African Journal of Science: Writing with integrity workshop (2024)
Academy of Science of South Africa
 
The basics of sentences session 6pptx.pptx
The basics of sentences session 6pptx.pptxThe basics of sentences session 6pptx.pptx
The basics of sentences session 6pptx.pptx
heathfieldcps1
 
Film vocab for eal 3 students: Australia the movie
Film vocab for eal 3 students: Australia the movieFilm vocab for eal 3 students: Australia the movie
Film vocab for eal 3 students: Australia the movie
Nicholas Montgomery
 
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdfANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
Priyankaranawat4
 
The Diamonds of 2023-2024 in the IGRA collection
The Diamonds of 2023-2024 in the IGRA collectionThe Diamonds of 2023-2024 in the IGRA collection
The Diamonds of 2023-2024 in the IGRA collection
Israel Genealogy Research Association
 
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
GeorgeMilliken2
 
S1-Introduction-Biopesticides in ICM.pptx
S1-Introduction-Biopesticides in ICM.pptxS1-Introduction-Biopesticides in ICM.pptx
S1-Introduction-Biopesticides in ICM.pptx
tarandeep35
 
writing about opinions about Australia the movie
writing about opinions about Australia the moviewriting about opinions about Australia the movie
writing about opinions about Australia the movie
Nicholas Montgomery
 
Digital Artefact 1 - Tiny Home Environmental Design
Digital Artefact 1 - Tiny Home Environmental DesignDigital Artefact 1 - Tiny Home Environmental Design
Digital Artefact 1 - Tiny Home Environmental Design
amberjdewit93
 
BBR 2024 Summer Sessions Interview Training
BBR  2024 Summer Sessions Interview TrainingBBR  2024 Summer Sessions Interview Training
BBR 2024 Summer Sessions Interview Training
Katrina Pritchard
 
Your Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective UpskillingYour Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective Upskilling
Excellence Foundation for South Sudan
 

Recently uploaded (20)

Digital Artifact 1 - 10VCD Environments Unit
Digital Artifact 1 - 10VCD Environments UnitDigital Artifact 1 - 10VCD Environments Unit
Digital Artifact 1 - 10VCD Environments Unit
 
Hindi varnamala | hindi alphabet PPT.pdf
Hindi varnamala | hindi alphabet PPT.pdfHindi varnamala | hindi alphabet PPT.pdf
Hindi varnamala | hindi alphabet PPT.pdf
 
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
 
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
 
Smart-Money for SMC traders good time and ICT
Smart-Money for SMC traders good time and ICTSmart-Money for SMC traders good time and ICT
Smart-Money for SMC traders good time and ICT
 
MARY JANE WILSON, A “BOA MÃE” .
MARY JANE WILSON, A “BOA MÃE”           .MARY JANE WILSON, A “BOA MÃE”           .
MARY JANE WILSON, A “BOA MÃE” .
 
A Independência da América Espanhola LAPBOOK.pdf
A Independência da América Espanhola LAPBOOK.pdfA Independência da América Espanhola LAPBOOK.pdf
A Independência da América Espanhola LAPBOOK.pdf
 
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UPLAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
 
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
 
South African Journal of Science: Writing with integrity workshop (2024)
South African Journal of Science: Writing with integrity workshop (2024)South African Journal of Science: Writing with integrity workshop (2024)
South African Journal of Science: Writing with integrity workshop (2024)
 
The basics of sentences session 6pptx.pptx
The basics of sentences session 6pptx.pptxThe basics of sentences session 6pptx.pptx
The basics of sentences session 6pptx.pptx
 
Film vocab for eal 3 students: Australia the movie
Film vocab for eal 3 students: Australia the movieFilm vocab for eal 3 students: Australia the movie
Film vocab for eal 3 students: Australia the movie
 
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdfANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
 
The Diamonds of 2023-2024 in the IGRA collection
The Diamonds of 2023-2024 in the IGRA collectionThe Diamonds of 2023-2024 in the IGRA collection
The Diamonds of 2023-2024 in the IGRA collection
 
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
 
S1-Introduction-Biopesticides in ICM.pptx
S1-Introduction-Biopesticides in ICM.pptxS1-Introduction-Biopesticides in ICM.pptx
S1-Introduction-Biopesticides in ICM.pptx
 
writing about opinions about Australia the movie
writing about opinions about Australia the moviewriting about opinions about Australia the movie
writing about opinions about Australia the movie
 
Digital Artefact 1 - Tiny Home Environmental Design
Digital Artefact 1 - Tiny Home Environmental DesignDigital Artefact 1 - Tiny Home Environmental Design
Digital Artefact 1 - Tiny Home Environmental Design
 
BBR 2024 Summer Sessions Interview Training
BBR  2024 Summer Sessions Interview TrainingBBR  2024 Summer Sessions Interview Training
BBR 2024 Summer Sessions Interview Training
 
Your Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective UpskillingYour Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective Upskilling
 

How to Analyse Profit of a Sales Order in Odoo 17

  • 1. How to Analyse Profit of a Sales Order in Odoo 17 Enterprise
  • 2. Introduction Enterpris e Sales margin plays a crucial role in the corporate world as a compass that directs enterprises towards profitability. It is the discrepancy between a good or service's selling price and its production or acquisition costs. This margin shows a company's capacity to produce income in addition to how well it manages expenses. Additionally, a key performance indicator (KPI) for evaluating a company's competitiveness and financial stability is sales margin. Businesses may spot areas for development, modify pricing tactics, reorganise processes, and remain ahead of market swings by tracking and optimising sales margins.
  • 3. Enterpris e Defining Sales Margin ● The Sales margin, often dubbed the 'profit margin,’ is the lifeblood of a thriving enterprise. ● It represents the profit derived from each sale, a critical metric that can make or break a company’s financial health. ● Every transaction, whether in goods or services, is closely linked to this key parameter. ● The sales margin takes into account an array of factors, from manufacturing costs to product pricing, employee salaries, and advertising expenses.
  • 4. Enterpris e The Crucial Equation ● The equation for calculating the sales margin is straightforward yet profound. ● It is essentially the difference between the selling price of a product or service and the total cost associated with it. ● In a dynamic business environment where profit is paramount, the accurate and timely calculation of this margin becomes more critical than ever. ● It is a compass that guides businesses toward prosperous shores and a remedy against losses and miscalculations.
  • 5. Enterpris e The Role of Sales Managers ● In the modern landscape, sales managers play a pivotal role in shaping the trajectory of a business. ● Armed with the capability to calculate margins, they can offer customers accurate pricing. ● With a clear grasp of margin data, sales managers can provide customers with enticing discounts and offers, driving customer loyalty and satisfaction.
  • 6. Enterpris e Activating the Margins Feature ● For businesses that sell a variety of products and services to customers scattered across different locations, enabling margin control can be a challenge. ● Transportation expenses, for instance, can greatly influence the final profit margin. ● Odoo ERP provides a solution that allows you to master the complexities of profit control, offering an integrated system for managing sales margins. ● However, before diving into the intricacies, it is essential to activate the ‘Margins’ feature. ● This can be done in the ‘Settings’ window of the Odoo 17 Sales module.
  • 8. Enterpris e Calculating Sales Margins for Orders ● The cornerstone of sales margin management is to focus on the growth of our business. The sales margin calculation hinges on meticulous summation. ● Various cost components come into play- from manufacturing costs to material expenses, including advertising outlays and much more. ● The actual formula for margin calculation is straightforward - it is the sales price of a product or service subtracted from the total cost associated with its production. ● Accurate product pricing is a critical determinant of profit, and slight deviation can lead to substantial financial losses.
  • 9. Enterpris e Practical Implementation in Odoo 17 ● In Odoo 17, calculating margins becomes straightforward. ● By creating a sales order, you can conveniently set the margin for your products. ● Begin by navigating to the ‘Orders’ menu within the ‘Orders’ tab.
  • 12. Enterpris e ● The ‘Kanban’ view gives you a holistic view of your sales orders, displaying essential details like the total price, customer names, order IDs, and much more separately.
  • 13. Enterpris e you can generate a new sales order by clicking the ‘New’ icon.
  • 14. Enterpris e ● In the ensuing window, choose the customer and specify the invoice and delivery addresses in the Invoice Address and Delivery Address field. ● Here, we can select ‘Wood Corner’ as Customer, the Invoice Address and the Delivery address of the customer will be automatically allocated.
  • 16. Enterpris e ● In addition, we can mention the Quotation Template, Recurring Plan, Pricelist, and Payment Terms in the respective fields. ● If we want to repeat the sales order on another day, we can set a recurrence using the Recurring Plan field. ● Based on our requirements, it can be monthly, weekly, daily, or a custom interval. ● Here, we can choose monthly. We can also set the Payment Term to ‘Immediate Payment.’
  • 18. Enterpris e Select the product for the order from your list of products
  • 19. Enterpris e we choose the product Quantity as one, and then we can click on the Internal Link situated near to the product name.
  • 20. Enterpris e In the Product window, we can see that the Sales Price is set at $295.00, and the Cost is $287.00
  • 21. Enterpris e ● The sales margin can be set up by deducting the total product cost from the sales price. ● Then, sales margin equals Sales price - Cost price (Sales Margin = Sales price - Cost price). ● In the case of the product, the Acoustic Bloc Screen, the cost is $287, and the Sales price is $295. ● Therefore, Sales margin =$ 295 - $287 = $ 8.
  • 23. Enterpris e ● In addition, you can view the Margin rate and the Margin percentage in the Order Lines itself by activating the ‘Margin’ and ‘Margin (%)’ fields
  • 24. Enterpris e The Power of Automatic Margin Calculation ● In Odoo 17, once we have set the margin parameters, the system will automatically calculate the margin for each product. ● This seamless process ensures us that we are always aware of our profit margins and provides real-time financial insights for strategic decision-making. ● This transparent and dynamic margin calculation can significantly streamline our business operations.
  • 25. For More Info. Check our company website for related blogs and Odoo book. Check our YouTube channel for functional and technical videos in Odoo. Enterpris e www.cybrosys.com