Audience: Admin, Finance
Type: Reference
Reference
For system behavior and rules, see
SmartBooks Documentation – Section 9: Reports
Purpose
This report option allows you to view gross profit broken down by product in the income statement.
It helps analyze product-level profitability by comparing sales revenue against related costs.
How to Access
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Go to SmartBooks
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Click Reports
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Open Income Statement
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Enable Gross Profit by Product view
URL format:https://app.thulo.com/{tenantname}/ps/admin/accounting/report
What Gross Profit by Product Shows
This view displays:
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Product-wise sales revenue
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Product-wise cost amounts
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Gross profit for each product
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Totals for the selected period
Values are calculated based on recorded transactions and mappings.
Using This Report
You can use this report to:
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Identify high-performing products
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Compare profitability across products
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Support pricing and inventory decisions
The report updates automatically based on the selected date range.
Important Notes
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Product-level gross profit depends on correct item and inventory mapping
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Incorrect mappings can affect profit calculations
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This view is for analysis only and does not change accounting data
When to Use This
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During monthly or quarterly performance reviews
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When analyzing product profitability
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Before making pricing or inventory decisions
Related Articles
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Income Statement Modification
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Change the accounting method on a report
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Chart of Accounts
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Inventory Receiving Voucher Mapping
End of Article