COGS set up, (profit margin)

1

Hi, may you assist me on how to set up COGS in desktop version, to make my net profit actual in P&L

2

See this guide about setting up Chart of Accounts:
https://www.manager.io/guides?chart-of-accounts

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3

thank you but the guide only tells on how to create chart of account, my issue is, how do i set up COGS , in chart of accounts?

4

No it tells you also how to setup groups such as COGs and Totals. Just experiment with a test business until you get the results you want. You should group Income, COGs and Expenses. Net Profit is Income - CGOs - Expenses (is already totalled by P&L in Manager). Gross Margin/Profit = Income - COGs