We have identified 8 functional reports you can generate in Epos Now to better understand and evaluate your business. The data generated by these reports can give you actionable insights so you can make more informed decisions when it comes to staff, inventory and sales.
Here, we outline 8 functional reports that can help you take greater control of your business and maximise efficiency.
The Total Sales by Time Period report is just a simple way of seeing your businesses' sales figures broken down into particular time periods.
While your Epos Now Dashboard will always show your total sales at a glance, this report will allow you to get more specific. The report can be altered to show all of your data, or can be broken down by Location, Device, Staff member or Wet/Dry items.
Once you have this data you will be able to address low points in your selected time period and be able to accurately plan for future success.
If you’re interested in seeing how your business is performing compared with a previous time period, then this is the report for you. Reviewing the data from this report will allow you to evaluate your sales performance week-on-week or year-on-year. This report has complete flexibility and allows you to select from predefined date ranges, or input a completely custom range to suit.
As well as numerous sales options, there are also a range of different metrics that can be reported on, including the number of transactions, refunds, voids, customers, discounts and promotions broken down into an interval of either daily, weekly, or monthly.
This report allows you to see, at a glance, the products that are not selling in your business. Being able to easily identify products that have not sold a single item is super beneficial when looking at overstocks and potential range cuts.
With the flexibility to change the date range to the pre-set definers, or a custom range, you’ll be able to see exactly which products have not sold, in any given period, and their current stock on hand.
Stock that hasn’t sold in a long period of time can potentially be a space waster. Not only is precious cash flow tied up in stagnant stock, but shelf space could be better assigned to faster moving items. This report allows you to evaluate whether moving the product via an in house special could potentially help the numbers or whether you look to clear it out from your inventory completely.
Generating a view of your business’ top selling products is another extremely insightful report. Having this data on hand will allow you to see which items are the most popular in a specified date range, which is vital for forecasting future product demand. With the flexibility to generate this report by a custom date range, location, device or staff member you will be able to access the exact data you need. Select all to see a complete overview or break it down by location so you can evaluate the popular products by site.
Be able to identify the faster selling items so you can make informed decisions on expanding popular item lines or brands.
Identifying trends and higher hourly sales patterns within your business is essential. Being armed with this data can help you to work out the busier time periods within your business. This can help to make sure you have your staff rostered on at the times you need it the most.
The time interval report can also be generated by yearly, quarterly, monthly, weekly, daily, hourly and half hourly depending on how specific you need it to be.
Being able to identify your top performing employees can be hugely beneficial. Having this data on hand can help make sure you’re rewarding sales successes and scheduling your top performers during the busier days and times.
This report can also highlight those employees who are processing the most refunds, voids, discounts and no sales which can help highlight security issues.
The Promotion Report allows you to view the promotions that have been put through between selected dates ranges. This is a handy report to generate so you can review a certain promotion's success.
You can see each of the promotions which have been used, the number of promotions that have been processed, the average amount of discount given for each promotion, and the total amount that has been given in the promotions.
Stock control is an extremely important aspect of your business. A Stock Levels report will allow you to view the current on hand stock levels for your store. If you complete regular stock audits, then the figures in this report will be mostly accurate. The data generated is both beneficial to view any low or overstocked products, as well as the potential sale value, total margin and margin percentage.
If you have master products set up, you will see a Current Stock and a Current Volume column. The Current Stock column tells you how many whole/full master products you have and the Current Volume column tells you how many additional units you have. The Total Stock column shows your total stock level with a decimal figure.
Epos Now provides your business with all the data you need to effectively grow and manage your business. There are numerous other reports that can be built, customised and created in your Epos Now Back Office.
If you are interested in learning more, speak to one of our friendly consultants today.
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