Insert or modify Product Codes to keep track of and receive valuable information about your products, services and sales
Assign cost and revenues to easily recognise your most profitable products - cut holding costs and prevent overstocking by pinpointing slow-moving inventory items
By better visualising your product and sales data, you can receive a comprehensive "big picture" of the financial health and activity of your business
Fine-tune your sales and marketing activities with this data, allocating resources accordingly in order to support the products that present the greatest opportunities for future growth
Make informed data-backed decisions when implementing price changes or product discounts
Product codes, along with the other unique Debtor Codes presented in the Win Acc Debtors Control Module, can be used to present you with trends or patterns in your sales data
Is the popularity of a product increasing each month? Ensure your inventory is accurately stocked across every sales channel
Does a product's popularity look to be decreasing? Use this valuable data to decide whether it's a good time to lower the price - perhaps it's best to implement discounts or push additional resources into marketing in order to boost its popularity!
Using your Product Codes:
Unallocated Products Code
The Win Acc Debtors Control Module comes standard with an "Unallocated Products" code, which will be used if no additional Product Codes are inserted
Inserting/Updating Product Codes
When inserting a new Product Code, you will be required to enter the Unique Product Code, as well as the General Ledger Account Code
Enter a unique Description for each new product to easily keep track of every product dealt with by your business
Double Click a Product Code, or highlight the record and click "Change" to modify or update an existing code
Using Your Product Codes
Whenever a debtors document line item is added, you'll have the option of assigning the relevant Product Code
On the left we see the area to assign a Product Code (as well as VAT Code & Salesman Code) to an Invoice Line Item
Product Code Reporting
Product Analysis Report:
Take full control of your products, identify trends and use the valuable real-time information to make smarter data-backed business & marketing decisions
The Product Analysis Report (seen above), breaks down every posted document for the selected date period, providing a concise look at the sales performance of each product
View the respective Product Code, along with other important accounting and sales information for the specific line item, such as the document date & number, product cost price, specific item discount, VAT amount and Total Value, with Net Profit
Easily view the respective product totals for the date period selected, as well as the overall totals for the entire product analysis report
