• Financial category

  Managing Financial Categories: Key Steps and Importance Financial categories are a classification system that makes it easier to track and manage your financial operations. This system helps you see your financial activities more clearly, plan your budget effectively, and monitor your income–expense balance. Correct categorization allows you to make financial decisions based on accurate information. Creating a Financial Category To create a new financial category in the back panel,Some readers

• Trade Markup and Gross Margin

  After the cost price and selling price of a product are set, the Trade Markup and Gross Margin are determined. You can view these in the columns under the Back Office → Menu → Products section. Trade Markup indicates the percentage added to the cost price of a product to determine its selling price. Gross Margin indicates the percentage of the selling price that remains as profit after accounting for the cost price. Example: (https://storage.crisp.chat/users/helpSome readers

• Payment Method

  To create a new payment method in Clopos, go to Back Office → Sales → Payment Methods. On the page that opens, click the +Create button located at the top right corner. (https://downloads.intercomcdn.com/i/o/xj4jn0kl/1702915485/148210500efc3cb69b40f05b9fa6/Screenshot372.png?expires=1761552900&signature=404d20bdf73bef858f51201b8f53865981ef33ed7e9532096705134aa27fFew readers

• Expense Categories

  In the Clopos system, standard expense and income categories have been created. Next to the standard categories, there is a “lock” icon, indicating that these expense and income categories cannot be deleted. In addition to these, you can also create custom expense and income categories tailored to your needs. The recommended expense categories to be created are listed below. Subcategories are also provided within each category to help you group your expenses and income effectively. (https:/Few readers

• Profit Calculation

  Profit calculation is performed using the following formula: Selling Price − Cost Price = Profit The calculation of total profit is performed using the following formula: Total Sales − Total Cost + Cost Value from Refunds + Amount Paid for RefundsFew readers