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Trading Summary Report

The Trading Summary Report provides a detailed breakdown of your business's takings, sales, liabilities, redemptions, and key employee performance indicators. This report helps monitor incoming and outgoing payments and includes a breakdown of product, service, and sundry sales for both employees and the business.

Sections

1. Takings

This section outlines the business takings categorized by payment type and includes the total takings across all payment types.

2. Net Receipts

Formula:

Net Receipts = Total Takings + Cash Rounding + Purchases on Account

This represents the adjusted total of funds received by the business.

3. Sales

This section details:

  • Quantity of sales for services, products, and sundry items

  • Sales value inclusive and exclusive of tax

4. Prepayments & Liabilities

This section displays outstanding business liabilities due to the sale of:

  • Gift certificates

  • Gift cards

  • Memberships

  • Series sales

Formula:

Sales (non-revenue) = Gift certificate (local) sales + Gift card (global) sales + Series sales + Membership sales

5. Redemptions

A summary of redeemed values for various prepayments:

  • Gift certificates (local)

  • Gift cards (global)

  • Membership benefits

  • Series redemptions

  • Points redemptions

Formula:

Redemptions = Gift certificate (local) redemptions + Gift card (global) redemptions + Membership redemptions + Series redemptions + Points (local) redemptions

6. Clients

Displays key transactional data for clients, including:

  • Number of clients served

  • Number of visits

  • Value received from different client demographics

7. Employees

This section provides employee performance insights, including:

  • Sales revenue

  • Average ticket value

  • Hours worked

  • Average service sales per hour

8. Ticket Averages

Each client transaction is referred to as a 'ticket'. The ticket average is calculated as follows:

Ticket Average = Total Sales / Total Number of Tickets

This metric helps assess the average client spend per visit.

9. Net Sales

Net Sales represent the total revenue-generating sales and cash-based sales that are not considered revenue.

Key Consideration: Net Sales should not be used as a direct indicator of business revenue but is useful for reconciling sales with takings.

10. Liabilities

Represents the total money owed to clients due to the purchase of gift certificates, series sales, and the accrual of points.

Formula:

Liabilities = Gift Certificate Sales + Series Sales + Local Points Accrued - Gift Certificate Redemptions - Series Redemptions - Local Points Redemptions

Accessing the Report

To generate this report in Shortcuts: Navigation Path:

Tools > Reports > End of Day > Trading Summary

This report provides essential financial insights for tracking business performance and ensuring effective financial reconciliation.