Inventory Revenue Report
An Inventory Revenue report shows the total sales amounts for inventory items and overall revenue from your inventory items.
Revenue is an increase in assets or reduction in liabilities that results in an increase of equity, or net worth. Sales of your items and services result in revenue.
You can use inventory revenue reports to view and analyze sales quantities and value of active, on-hand inventory items.
If you operate an online store with NetSuite, this report will include any sales from your store.
You can use this report to help maximize your company's revenue by analyzing inventory successes and problems.
For example, use this report to re-evaluate your strategy for problematic items. You can pinpoint an item that has low sales and is a poor contributor to your revenue total. Then, you can decide to restructure the item's pricing or marketing strategy, or even to discontinue carrying the item.
Items that are successful can be identified and fostered. For example, you can pinpoint items that have high sales and are good contributors to your revenue total. Then, you can maintain the stock, marketing, and pricing of these items.
To see an inventory revenue report:
Go to Reports > Inventory/Items > Inventory Revenue.
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