How profit is calculated

How the Profit column in sales reports is worked out for each invoice line, with an example.

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Profit is worked out per invoice line: Item Net minus the cost price.

Item Net is after discounts and before tax.
The cost price is what's saved on the product or service.

Say a service is £120 with a £20 discount and a £30 cost. Item Net is £100, so profit is £70. Tax makes no difference.

Add Profit with Edit Columns, as it isn't shown by default. You can sort and export it, but not filter by it. A missing cost price makes the whole line look like profit.

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Next, read Monthly sales report.