ID #1314

Why the sale value of my ‘Day End Report’ not matching with the ‘Sale Value’ showing in the Stock Statement?

Answer:

In order to understand this, you need to understand the working of the following reports. There are some fundamental differences present between these reports.

How Day End Report Works?

  • Day End Report shows net Sale Value.
  • Net Sale Value = Item Value – Product Discount  +  Tax  with
    • Add (+) Other Charges (if any) bill wise
    • Less (-) Bill Discount (if any) bill wise
    • Add (+ or -) Round off (if any)

How The Stock Statement Works?

It shows Sale Value = Product Value with

  • No Discount
  • No Tax (if exclusive)
  • No other charges,
  • No bill discount or round off.

 

Also there are some options available in stock statement

  • Valuation Method
    • Actual Rate = this is based on the actual rates (Sale price or MRP or Cost price as per the Valuation Rate Chosen) of each ProductChild of the product.
    • Average Rate = It will calculate Average Rates of all the ProductChild of the product.
    • Last Rate = It will pick the Rate from last product child.(not on last date)
  • Valuation Rate
    • Select any one from the Options containing Cost Price, Purchase Price and MRP.

Tags: Day End Report, Information, Report, Stock Statement

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