Understanding the dashboard
The Cost of Sales Dashboard is a key tool that helps accountants track and analyse the direct costs associated with services offered by a business. By visualising Cost of Sales data, the dashboard allows accountants to assess the profitability of services and make informed decisions about pricing, cost control, and operational efficiency.
Why is it important?
The Cost of Sales Dashboard offers you with the following relevant information:
Provides insights into the direct costs incurred by the business, helping accountants see how they impact profit margins. This makes it easier to find areas where margins are shrinking and take action to improve profits.
Allows accountants to easily track changes in direct costs, giving them the information they need to adjust pricing strategies to ensure that the business remains competitive while maintaining healthy margins.
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Dashboard FAQs
Can I compare Cost of Sales across different periods or timeframes?
Yes, the dashboard allows you to compare Cost of Sales data over various timeframes (e.g., monthly, quarterly, annually).
How can I identify the top contacts by Cost of Sales in the dashboard?
The dashboard automatically ranks your contacts or clients by their cost of sales, highlighting which accounts are generating the highest direct costs. You can also customise this ranking within the dashboard as needed.